Crypto
Tokenization: Coinbase's Bet on a New Wave of Financial Companies
Coinbase CEO Brian Armstrong has made a bold comparison between tokenized assets and the iPhone's impact on technology.
Armstrong argued that just as the iPhone enabled new companies like Uber, TikTok, and Coinbase itself, blockchain-based tokens could support businesses yet to emerge.
The key benefits of tokenization, according to Armstrong, include global access, improved utility, and 24/7 trading.
In a Twitter post, Armstrong noted that Apple did not predict the existence of Uber or TikTok but enabled an entirely new wave of companies through its technology.