Tokenized Assets Could Be the Next Big Thing in Finance, Says Coinbase CEO
Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong predicts that tokenized assets on blockchains could transform financial markets, much like the iPhone created a platform for companies such as Uber Technologies Inc. (NYSE:UBER), TikTok, and Coinbase.
Armstrong made these comments on X, comparing the potential impact of blockchain with the iPhone's role in creating new businesses.
'Apple didn't predict Uber, TikTok, or Coinbase,' Armstrong said.
'But the iPhone enabled an entirely new wave of companies.'
He argued that tokenized assets could have a similar effect on financial markets, 'We already know the immediate benefits (global access, better utility, 24/7 trading), but a new set of finance companies we can't imagine will be built on top.'