Coinbase and Bybit are partnering to explore the tokenization and global distribution of assets such as US stocks.

CoinFeed reported on April 20th that, according to CoinDesk, Coinbase is in talks with cryptocurrency exchange Bybit regarding a partnership for the tokenization, custody, and global distribution of assets such as US stocks and pre-IPO shares. Sources indicate that the collaboration focuses on making US assets accessible to global users, including those in Asia, through tokens, and does not involve equity acquisitions or assisting Bybit's entry into the US market. Bybit plans to enter the US market through a new entity led by former co-CEO Helen Liu, which will partner with local compliant and licensed partners, with Bybit providing technology, products, and liquidity. Neither Coinbase nor Bybit commented on the matter.