CoinList has launched Passage, a new platform aimed at streamlining on-chain capital markets by providing a compliant access layer for tokenized assets. Passage is designed to address market fragmentation by connecting issuers, platforms, and investors, facilitating the large-scale circulation of tokenized stocks, funds, yield products, and pre-IPO assets. CoinList emphasizes that effective distribution is crucial as these assets migrate on-chain. Built on CoinList's existing infrastructure, Passage aims to support the compliant distribution and capital access for tokenized assets. Since its inception in 2017, CoinList has served over 160 countries and facilitated the distribution of more than $1.2 billion in assets, underscoring its significant role in the evolving digital asset landscape.