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

The talks do not involve any sort of stake acquisition or similar deal to enter the U.S., as was reported elsewhere last month. What to know : Discussions between Coinbase and Bybit focus on the global distribution and custody of tokenized stocks and other assets. Bybit’s plan to enter the U.S. market involves a new entity headed by former co-CEO Helen Lui and an unidentified local partner, which is not Coinbase.