TechFlow news, September 22 — According to Coinbase, the company announced its support for a historic financial services partnership between the U.S. and the U.K., aiming to reshape the global capital markets through tokenization.
Coinbase stated that tokenization will fundamentally transform global capital markets and democratize financial services, enabling individuals to trade, lend, and invest in ways previously available only to institutional investors. The partnership will focus on three key areas: tokenization of traditional financial assets, establishing leadership in stablecoins, and mutual recognition of regulatory regimes.
Regarding stablecoins, the U.S. and the U.K. should establish an Atlantic corridor allowing GBP and USD stablecoins to be used in wholesale markets and transatlantic commercial payments. Coinbase noted that the U.S. is strategically prioritizing stablecoins within the tokenization of traditional financial assets, while proposed restrictions by the Bank of England could hinder stablecoin adoption in wholesale markets. The company emphasized that the U.K. needs stablecoin leadership and a viable pound-pegged stablecoin to realize the opportunities of this collaboration.
