Coinbase and Bybit Reportedly Collaborate to Explore Tokenization of U.S. Stock Assets

BroadChain has learned that at 11:30 on April 21, according to PANews, informed sources disclosed that Coinbase and Bybit are discussing cooperation on the tokenization, custody, and distribution of assets such as pre-IPO and listed U.S. stocks. This collaboration focuses on a global level, aiming to leverage Bybit's market influence in regions like Asia to bring U.S. assets to a broader global user base. Both parties have clearly stated that the cooperation does not involve Bybit entering the U.S. market through methods such as acquiring equity. Bybit plans to handle U.S. market licensing and compliance matters through a new entity led by former Co-CEO Helen Liu, which will serve as its local partner, while Bybit provides technical, product, and liquidity support. Coinbase is not Bybit's partner for entering the U.S. market.