Coinbase and Bybit Plan to Collaborate to Promote Tokenization and Global Circulation of U.S. Stock Assets

BroadChain has learned that at 23:00 on April 20, according to PANews, Coinbase is in discussions with the crypto trading platform Bybit regarding a potential collaboration. The talks involve the tokenization, custody, and global distribution of assets such as U.S. stocks and Pre-IPO stocks. Insiders indicate that the partnership aims to provide U.S. assets in tokenized form to global investors, including those in Asia. However, the collaboration does not involve equity acquisition nor is it intended to help Bybit enter the U.S. market. Bybit plans to independently enter the U.S. market through a new entity led by former co-CEO Helen Liu. This entity will collaborate with local compliant and licensed partners, with Bybit providing technical support, products, and liquidity. Neither Coinbase nor Bybit has commented on the rumors of this collaboration.