Coinbase CEO Brian Armstrong has compared tokenized blockchain assets to the iPhone, arguing they could reshape finance as the smartphone enabled companies like Uber and TikTok. He identified global access, better utility, and around-the-clock trading as immediate benefits. Japan is planning to study blockchain infrastructure for real-time settlement of stocks and bonds, with a strategy targeted by early 2027. However, Armstrong’s comments do not provide Coinbase-specific measures of adoption, transaction volume, or revenue from tokenized assets. The regulatory timeline, including the debated Clarity Act in Congress, remains uncertain and tokenized equities have not yet demonstrated concrete demand.
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