Coinbase (COIN), Bybit said to be working together on tokenization, custody and distribution of U.S. stocks
CoinDesk
Coinbase and Bybit are reportedly collaborating to explore the tokenization, custody, and distribution of U.S. stocks for global markets.Summary
Coinbase and Bybit are in ongoing discussions to collaborate on the tokenization, custody, and distribution of U.S. public and pre-IPO stocks. Sources indicate this partnership aims to bridge U.S.-focused assets with Bybit’s international user base, particularly in Asia. The parties clarified that these talks do not involve a stake acquisition or an entry into the U.S. market for Bybit. Instead, Bybit is pursuing a separate U.S. market entry through a different local partner to handle licensing and compliance.
(Source：CoinDesk)