Coinbase and Bybit Pursue Global Tokenization of U.S. Stocks

Cryptocurrency exchanges Coinbase and Bybit are exploring collaboration to offer tokenized versions of U.S. stocks to global users outside the United States.

The reported talks cover custody, distribution, and tokenization of public and pre-IPO U.S. stocks, aiming to expand access for international users.

Bybit's planned U.S. expansion is expected to occur through a separate entity led by former co-CEO Helen Liu, with an unnamed local partner handling licensing and compliance.