Coinbase and Bybit Discuss Cooperation on Tokenized U.S. Stocks and Pre-IPO Shares
According to CoinDesk, Coinbase and Bybit are exploring tokenization, custody, and distribution of U.S. stocks and pre-IPO shares, while Bybit separately pursues local U.S. licensing and compliance through another partnership.
Coinbase and Bybit are discussing potential cooperation on tokenization, custody, and distribution of U.S. stocks and pre-IPO shares, according to CoinDesk. The plan under discussion would focus on offering tokenized access to these assets and does not involve Bybit entering the U.S. market through Coinbase. Instead, Bybit is pursuing a separate local partnership for U.S. licensing and compliance, led by former co-CEO Helen Liu. The reported talks also do not include an equity acquisition, keeping the scope centered on operational collaboration around tokenized traditional financial assets.
- Tokenization: The process of turning an asset into a blockchain-based digital token that can represent ownership or exposure in a transferable form.
- Custody: The safekeeping and control of assets for clients, including the systems used to secure digital and tokenized holdings.
- Pre-IPO shares: Shares in a private company made available before an initial public offering, typically with limited access and higher investment risk.