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Coinbase CEO Davos Summary: Banking Sector Sees Crypto as 'Top Priority,' Tokenization One of the Most Discussed Trends
BlockBeats News, January 25th - Coinbase CEO Brian Armstrong revealed that during his attendance at the World Economic Forum in Davos, a top executive from a global top ten bank expressed to him that cryptocurrency has now become the bank's "number one priority" and is even seen as "existential."
Although not specifying the bank or executive names, Armstrong emphasized that many financial leaders he interacted with during this week-long event not only hold an open attitude towards cryptocurrency but are actively seeking entry paths. "The vast majority of them are actually very supportive of cryptocurrency and see it as a significant opportunity."
Armstrong stated that tokenization was one of the most discussed trends at the Davos forum, with its applications expanding from stablecoins to equities, credits, and other financial products. He specifically mentioned the global population of around 4 billion "unbrokered" adults lacking quality investment channels, believing that tokenization technology is poised to bridge this gap, "expecting significant progress in this area by 2026."
Armstrong also pointed out that artificial intelligence and cryptocurrency were the two most hotly debated technologies at the Davos forum. Despite AI's rise in the capital markets diverting attention from cryptocurrency, he emphasized that the two are closely intertwined. He believes that AI agents in the future are likely to default to using stablecoins for payments, thus completely bypassing traditional identity verification and banking restrictions. "The infrastructure already exists, and usage is growing rapidly," he added.
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