Coinbase CEO Brian Armstrong stated that several major banks are collaborating with Coinbase on pilot projects involving stablecoins, custody, and trading, though he did not disclose the names of the institutions. He discussed the prospects of crypto assets and tokenization with BlackRock CEO Larry Fink at The New York Times DealBook Summit. Fink mentioned that his stance on Bitcoin has changed significantly compared to 2017, and pointed out that approximately $4.1 trillion in global digital wallet funds exist primarily in the form of stablecoins. He added that if other assets are tokenized, they will become much easier to circulate.