Coinbase & Bybit: Tokenizing Stocks Like It’s Hot (But Who’s Wearing the Pants?)

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Finance

What’s the Hot Gossip?

  • Coinbase and Bybit are apparently having a little fling, discussing how to tokenize, custody, and distribute U.S. stocks like they’re handing out party favors.
  • Bybit’s U.S. debut involves a new entity led by ex-co-CEO Helen Lui and a mystery local partner-spoiler: it’s not Coinbase. Sorry, Coinbase, looks like you’re just the wingman here.

So, Coinbase (COIN) and Bybit-yes, the crypto giants-are reportedly teaming up to tokenize U.S. stocks and other assets, because why own a stock when you can own a tokenized stock? Revolutionary. A source (who’s definitely not me, but let’s pretend I’m in the room) spilled the tea to CoinDesk, saying these talks are hotter than a London summer.

But don’t get it twisted-this isn’t a marriage. No stakes are being acquired, no rings exchanged. Just two crypto powerhouses casually discussing how to make U.S. assets as accessible as a takeaway menu. The source, who’s clearly enjoying their moment in the spotlight, insists this isn’t about Bybit buying its way into the U.S. market. Nope, just a friendly chat over virtual tea and biscuits.

Here’s the kicker: Bybit wants U.S. assets because, let’s face it, everyone wants a piece of that American pie. And Coinbase? Well, they’re the local guide in this global treasure hunt. Together, they’re like the dynamic duo of crypto, bringing U.S. stocks to Asia faster than you can say “tokenization.”

“Even if Coinbase becomes a super app in the U.S., they’re still just the U.S.,” the source quipped, probably while sipping a latte and rolling their eyes. Because, you know, the world is bigger than just one country. Shocking, I know.

Meanwhile, everyone else is jumping on the tokenization bandwagon. Intercontinental Exchange (ICE) is cozying up to OKX, and Deutsche Boerse just slid $200 million into Kraken’s DMs. It’s like a crypto prom night out here.

Bybit’s U.S. plans? Oh, they’ve got a local partner, but it’s not Coinbase. Sorry again, Coinbase. The new venture, led by Helen Liu (yes, the ex-co-CEO), is teaming up with a mystery compliance buddy. Bybit’s bringing the tech, the product, and the liquidity-basically, the cool factor.

Both companies declined to comment, which is just as well. We all know they’re too busy tokenizing things to care about our questions.

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2026-04-20 16:46