Coinbase and Bybit are reportedly working together on the tokenization, custody, and distribution of U.S. stocks, according to CoinDesk. The partnership would allow crypto-native users to access U.S. equity exposure directly through blockchain infrastructure. Separately, Coinbase has expanded its crypto-backed loan product to UK users following its earlier U.S. rollout.
This partnership puts Coinbase at the center of one of crypto's most commercially promising frontiers — bringing traditional equities onto blockchain rails. If it scales, Coinbase gains a new revenue stream from custody and distribution fees while pulling global crypto users deeper into its ecosystem. For investors, it reinforces Coinbase's strategic positioning beyond just an exchange, which matters for its stock valuation.
Watch for an official press release or product announcement from Coinbase or Bybit confirming deal terms. Also watch Coinbase's next earnings call for any mention of tokenization revenue. SEC commentary on tokenized securities regulation could arrive at any time and would directly affect viability.
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