According to ChainCatcher, Coinbase CEO Brian Armstrong published an article on X listing eight areas where the current financial system still needs updating: 1. Tokenization of real-world assets, enabling instant settlement and fragmented ownership of assets such as real estate, stocks, and bonds on-chain; 2. 24/7 global trading, aggregating global liquidity to improve capital efficiency; 3. Next-generation payments, using stablecoins to achieve near-instantaneous, low-cost global transfers, including AI-powered proxy payments; 4. AI-driven risk, credit, compliance, and advisory services, making quality financial advisory services accessible to everyone; 5. Regulation that encourages innovation, shifting from a one-size-fits-all approach to risk-based rules; 6. Expanding access, allowing all smartphone users to participate through open protocols and self-custodied wallets; 7. Capital formation, lowering the barriers to financing any good idea; 8. Sound money, providing a safe haven against inflation when fiat currency discipline is lost.
Armstrong stated that these goals require significant technological innovation and policy support to achieve.
