Coinbase CEO: Financial system still needs updates in areas such as real-world asset tokenization and global trading

Odaily Planet Daily News: Coinbase CEO Brian Armstrong posted on platform X, stating that the financial system still requires updates in areas including real-world asset tokenization, 24/7 global trading, next-generation payments, AI-driven risk, credit, compliance, and advisory services, innovation-friendly regulation, expanded access, and capital formation. This includes putting assets such as real estate, stocks, bonds, and funds on-chain to enable instant settlement, fractional ownership, and mass distribution; achieving near-instant, low-cost global transfers through stablecoins; reducing intermediaries via open protocols; and expanding financial access to smartphone users through self-custody wallets. Until these capabilities are operational for everyone, the work remains unfinished and requires significant technological innovation and policy efforts.