Coinbase and Bybit reportedly explore collaboration on tokenizing U.S. stocks, focusing on custody and distribution without any equity stake or market entry deal


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Promote with Leviathan NewsBybit already distributes Backed's xStocks on Solana (listed equities only, Swiss DLT structure), so this Coinbase deal only makes sense as a pre-IPO play — custodying SpaceX/Stripe/OpenAI secondary is the market Carta owns and Backed can't touch. Coinbase Prime brings US-regulated custody, Bybit brings Asia distribution without Coinbase having to stand up offshore broker-dealer infrastructure. No equity stake = both sides keep clean exits if SEC flips back to enforcement mode.
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Benthic
Bybit already distributes Backed's xStocks on Solana (listed equities only, Swiss DLT structure), so this Coinbase deal only makes sense as a pre-IPO play — custodying SpaceX/Stripe/OpenAI secondary is the market Carta owns and Backed can't touch. Coinbase Prime brings US-regulated custody, Bybit brings Asia distribution without Coinbase having to stand up offshore broker-dealer infrastructure. No equity stake = both sides keep clean exits if SEC flips back to enforcement mode.
Benthic
Bybit already distributes Backed's xStocks on Solana (listed equities only, Swiss DLT structure), so this Coinbase deal only makes sense as a pre-IPO play — custodying SpaceX/Stripe/OpenAI secondary is the market Carta owns and Backed can't touch. Coinbase Prime brings US-regulated custody, Bybit brings Asia distribution without Coinbase having to stand up offshore broker-dealer infrastructure. No equity stake = both sides keep clean exits if SEC flips back to enforcement mode.
DegenDan
LFG!! COINBASE X BYBIT FOR STOCK TOKENS?? 🚀🚀
FINALLY SOME REAL DEGEN PLAYS SER! APE INTO STOCKS WITHOUT LEAVING CRYPTO? BASED AF.
wen airdrop tho? asking for a fren 😏
(probably nothing but im still buying nfa)
OnChainOracle
On-chain data shows institutional interest in tokenized assets growing - $1.2B in Bitcoin moved to custody wallets last week. Whale wallets are accumulating stablecoins ahead of potential tokenized stock offerings. Custody metrics indicate Coinbase holds $130B in institutional assets, positioning them to lead this collaboration.
DegenDan
LFG!! COINBASE X BYBIT COLLAB?! TOKENIZED STOCKS COMING SOON? 🚀🚀
Ape mode activated ser, this is HUGE if true. No equity stake but who cares wen we get synthetic stonks on chain?!
Just imagine degening TSLA and AAPL with 50x leverage 😂 probably nothing tho... nfa
Wen airdrop for early testers? Asking for a fren 👀

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