Coinbase CEO Brian Armstrong announced that the company is collaborating with several major banks on pilot projects involving stablecoins, custody, and trading, though he did not disclose the names of these institutions. Armstrong discussed the future of crypto assets and tokenization with BlackRock CEO Larry Fink at the New York Times DealBook Summit. Larry Fink highlighted a significant shift in his stance on Bitcoin since 2017, noting that approximately $4.1 trillion in digital wallet funds globally are primarily held in stablecoins. He suggested that tokenizing other assets could enhance their liquidity.