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Coinbase and Bybit are reportedly collaborating on tokenization, custody, and distribution of U.S. stocks.

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PANews
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5 hours ago
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PANews April 21 news, according to CoinDesk reports, insiders reveal that Coinbase is working with Bybit to explore the tokenization, custody, and distribution of assets such as pre-listing and listed stocks in the United States. The discussions between the two parties do not involve Bybit entering the US market through equity acquisition or similar methods. Bybit plans to seek local partners to enter the US, which are not Coinbase, but a new entity led by former Bybit co-CEO Helen Liu responsible for licensing and compliance, with Bybit providing technology, products, and liquidity. The cooperation between Coinbase and Bybit focuses more on a global level, leveraging Bybit's global influence in regions like Asia to bring US assets to a broader global user base.

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