Coinbase CEO says tokenized assets could spur new financial companies

  • Brian Armstrong says tokenized assets will support new financial companies.
  • Brian Armstrong cites global access, greater functionality and 24/7 trading as immediate benefits.
  • Apple did not foresee Uber, TikTok or Coinbase when introducing the iPhone.

Coinbase Chief Executive Officer Brian Armstrong said Apple could not have foreseen Uber, TikTok or Coinbase when the iPhone emerged, yet the device helped trigger a new wave of companies. He argued that tokenized assets on a blockchain (shared digital ledger) could follow a similar path. Armstrong highlighted global access, stronger functionality and 24/7 trading as immediate benefits, while predicting that entirely new financial businesses will eventually be built on the technology.

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