Coinbase, Bybit said to be working together on tokenization, custody and distribution of U.S. stocks

What Happened

Coinbase and Bybit are reportedly collaborating to tokenize, custody, and distribute U.S. public and pre-IPO stocks globally. The talks do not involve stake acquisition or Bybit's U.S. market entry. The partnership aims to bring American assets to international users, particularly in Asia, leveraging Coinbase's U.S. focus and Bybit's global reach.

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