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

Odaily Odaily reported that 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 involves putting assets such as real estate, stocks, bonds, and funds on-chain to achieve instant settlement, fractional ownership, and mass distribution; enabling near-instant, low-cost global transfers through stablecoins; reducing intermediaries via open protocols; and expanding financial access for smartphone users through self-custody wallets. Until these capabilities are available to everyone, the work is not yet complete and requires significant technological innovation and policy efforts.