2 months ago
The CLARITY Act failed to pass votes in the Senate earlier this week, a piece of legislature that would set out guardrails and ground rules for crypto **** ets in the U.S. With the failure of passage, the Securities and Exchange Commission took matters into its own hands, passing a conditional exemption Thursday for tokenized stocks. This Innovation Exemption allows for a limited type of tokenized securities to trade on specific Tokenized Securities Venues (TSVs), giving them a 5-year runway to prove their trading chops.
Tokenization is one of the latest trends in the investing world, whereby an **** et is represented digitally on a blockchain. It's seen as the next frontier in finance, with digital trading opening up greater access both for a broader investor base as well as the potential to trade 24/7, while also offering the potential for increased efficiency. However, some argue that tokenized **** ets come with added, unique risks and that by moving investments to the blockchain you introduce greater exposure to bad actors in an as-yet unregulated **** e in the U.S. That is, until now.
The SEC exemption allows for a specific type of tokenized stocks to be traded, specifically ones that retain the investor rights of the stock they are tied to (voting and dividends for example). Only tokenized U.S. National Market System (NMS) stocks qualify that trade through U.S. venues who have established standards for who can trade, limit trading volumes to a certain percentage of the stock, and make public their trading activities as well as any affiliates on the TSV. In addition, venues must halt trading when the primary exchange halts, and leverage is not permitted. Any company that does not want tokenized shares has 30 days to object and prevent their shares from being created.
It's important to note that currently there are two main types of tokenized securities, those that are directly linked to the **** et they represent digitally and those that provide synthetic exposure. Of the two, only the direct exposure tokenized stocks qualify that meet all of the exemption's restrictions.
"The Commission is not cementing today's technology as the standard for tomorrow. Instead, it is allowing the market to evolve, monitoring its development, and using that insight to inform a nimbler and future-ready regulatory framework," SEC Chair Paul Atkins said in a statement.
#exposure #commission
Tokenization is one of the latest trends in the investing world, whereby an **** et is represented digitally on a blockchain. It's seen as the next frontier in finance, with digital trading opening up greater access both for a broader investor base as well as the potential to trade 24/7, while also offering the potential for increased efficiency. However, some argue that tokenized **** ets come with added, unique risks and that by moving investments to the blockchain you introduce greater exposure to bad actors in an as-yet unregulated **** e in the U.S. That is, until now.
The SEC exemption allows for a specific type of tokenized stocks to be traded, specifically ones that retain the investor rights of the stock they are tied to (voting and dividends for example). Only tokenized U.S. National Market System (NMS) stocks qualify that trade through U.S. venues who have established standards for who can trade, limit trading volumes to a certain percentage of the stock, and make public their trading activities as well as any affiliates on the TSV. In addition, venues must halt trading when the primary exchange halts, and leverage is not permitted. Any company that does not want tokenized shares has 30 days to object and prevent their shares from being created.
It's important to note that currently there are two main types of tokenized securities, those that are directly linked to the **** et they represent digitally and those that provide synthetic exposure. Of the two, only the direct exposure tokenized stocks qualify that meet all of the exemption's restrictions.
"The Commission is not cementing today's technology as the standard for tomorrow. Instead, it is allowing the market to evolve, monitoring its development, and using that insight to inform a nimbler and future-ready regulatory framework," SEC Chair Paul Atkins said in a statement.
#exposure #commission
2 months ago
The Ethereum (CRYPTO: ETH) cryptocurrency is up 5.8% at 2:17 p.m. ET, floating atop a broad surge across the crypto sector. It's the kind of day where you almost expect stablecoins to rise, as the U.S. Securities and Exchange Commission (SEC) moved one step closer to permitting token-based trading of stock-type securities.
And Ethereum would benefit directly if tokenized stocks ever get the SEC's final stamp of approval. The news is a day old, but traders needed time to process the situation after a tumultuous week in which the Clarity Act failed to move forward.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our **** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
The SEC is allowing a new kind of venue to trade blockchain versions of regularly listed stocks without first registering as a stock exchange. It's temporary, it's capped, and it comes with strings attached.
This isn't retail investors buying tokenized stocks on a public blockchain tomorrow. It's explicitly a placeholder for further announcements. The tokenized securities venue (TSV) designation is essentially a bold but limited experiment.
#stocks #missed #investors
And Ethereum would benefit directly if tokenized stocks ever get the SEC's final stamp of approval. The news is a day old, but traders needed time to process the situation after a tumultuous week in which the Clarity Act failed to move forward.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our **** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
The SEC is allowing a new kind of venue to trade blockchain versions of regularly listed stocks without first registering as a stock exchange. It's temporary, it's capped, and it comes with strings attached.
This isn't retail investors buying tokenized stocks on a public blockchain tomorrow. It's explicitly a placeholder for further announcements. The tokenized securities venue (TSV) designation is essentially a bold but limited experiment.
#stocks #missed #investors
2 months ago
Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors.
One hyperscaler's backup plan is another company's "generational growth opportunity."
On Thursday, shares of backup power supply company Generac spiked 18.34% after it agreed to supply some $2.4 billion worth of generators to Amazon's vast data center empire over the next two years. Generac is just the latest in a growing list of unlikely beneficiaries of AI's energy gridlock.
Sign up for The Daily Upside at no cost for premium ***** ysis on all your favorite stocks.
READ ALSO: 'Outlook Cloudy': Fed Rate Hike Pits Bulls Against Bears Over Year-End Rally Odds and SEC Greenlights Tokenized Stocks After Clarity Act Fails in Senate
#upside #backup #thursday
One hyperscaler's backup plan is another company's "generational growth opportunity."
On Thursday, shares of backup power supply company Generac spiked 18.34% after it agreed to supply some $2.4 billion worth of generators to Amazon's vast data center empire over the next two years. Generac is just the latest in a growing list of unlikely beneficiaries of AI's energy gridlock.
Sign up for The Daily Upside at no cost for premium ***** ysis on all your favorite stocks.
READ ALSO: 'Outlook Cloudy': Fed Rate Hike Pits Bulls Against Bears Over Year-End Rally Odds and SEC Greenlights Tokenized Stocks After Clarity Act Fails in Senate
#upside #backup #thursday
2 months ago
Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors.
The SEC isn't waiting for clarity with a capital C to give tokenized stocks the go-ahead.
On Thursday, Wall Street's watchdog issued a five-year order allowing trading venues to offer digital representations of company shares. The move ushers in a 24/7 type of trading that proponents say reduces counterparty risk through faster settlement. It also comes just days after the Senate blocked the Clarity Act, which would have provided a regulatory framework for cryptocurrency. The new rule is "designed to resolve challenges that have prevented responsible innovation from taking root in the United States while providing investor protections and market integrity standards," SEC Chairman Paul Atkins said.
The "Innovation Exemption," which has been in the works for more than a year, shows the SEC is willing to set rules that could push crypto-related offerings forward without lawmakers' buy-in at a time when investors are hungry for digital ****** ets and trading firms are eager to meet their demand. That's good news for Robinhood and Coinbase, which both offer tokenized stocks overseas and whose own stocks climbed 5% and 6% respectively on Thursday.
Sign up for The Daily Upside at no cost for premium ****** ysis on all your favorite stocks.
#upside #clarity #market
The SEC isn't waiting for clarity with a capital C to give tokenized stocks the go-ahead.
On Thursday, Wall Street's watchdog issued a five-year order allowing trading venues to offer digital representations of company shares. The move ushers in a 24/7 type of trading that proponents say reduces counterparty risk through faster settlement. It also comes just days after the Senate blocked the Clarity Act, which would have provided a regulatory framework for cryptocurrency. The new rule is "designed to resolve challenges that have prevented responsible innovation from taking root in the United States while providing investor protections and market integrity standards," SEC Chairman Paul Atkins said.
The "Innovation Exemption," which has been in the works for more than a year, shows the SEC is willing to set rules that could push crypto-related offerings forward without lawmakers' buy-in at a time when investors are hungry for digital ****** ets and trading firms are eager to meet their demand. That's good news for Robinhood and Coinbase, which both offer tokenized stocks overseas and whose own stocks climbed 5% and 6% respectively on Thursday.
Sign up for The Daily Upside at no cost for premium ****** ysis on all your favorite stocks.
#upside #clarity #market
2 months ago
Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors.
September is famously the worst month for stocks on average, a phenomenon that has been heavily debated and attributed to tax-loss selling or parents liquidating ******* ets for back-to-school costs. The so-called September Effect has also been dismissed as totally meaningless.
Putting the market psychology aside, this September has given markets plenty of reason to reinforce the stereotype: oil prices on a war-fueled incline, rising AI apocalypse anxiety and, of course, this week's interest-rate hike. Some ******* ysts believe that, while the September Effect may be in full swing this year, there is still time for a positive October (and later) surprise.
Sign up for The Daily Upside at no cost for premium ******* ysis on all your favorite stocks.
READ ALSO: SEC Greenlights Tokenized Stocks After Clarity Act Fails in Senate and Fed Raises Interest Rates for First Time in Three Years as Diesel, Gas Prices Surge
#interest
September is famously the worst month for stocks on average, a phenomenon that has been heavily debated and attributed to tax-loss selling or parents liquidating ******* ets for back-to-school costs. The so-called September Effect has also been dismissed as totally meaningless.
Putting the market psychology aside, this September has given markets plenty of reason to reinforce the stereotype: oil prices on a war-fueled incline, rising AI apocalypse anxiety and, of course, this week's interest-rate hike. Some ******* ysts believe that, while the September Effect may be in full swing this year, there is still time for a positive October (and later) surprise.
Sign up for The Daily Upside at no cost for premium ******* ysis on all your favorite stocks.
READ ALSO: SEC Greenlights Tokenized Stocks After Clarity Act Fails in Senate and Fed Raises Interest Rates for First Time in Three Years as Diesel, Gas Prices Surge
#interest
2 months ago
Most crypto wallets have functioned as a home for buying and selling speculative tokens. Caroline D. Pham, CEO of MoonPay Institutional and former acting chairman of the Commodity Futures Trading Commission (CFTC), thinks they are about to do something far more important for most investors.
"I do think that wallets are going to become the future, where you're going to have almost everything in your wallet," Pham said. "It's going to be your checking account, your savings account, your stablecoin wallet, your tokenized fund wallet. It's going to be your brokerage account."
Related: Duolingo beats Netflix by 80 spots in new power ranking
The first step came Sept. 17, when WisdomTree and MoonPay announced a collaboration to expand U.S. access to WTGXX, the WisdomTree Treasury Money Market Digital Fund, which holds short-term Treasuries.
WisdomTree said it is building an access point for its tokenized funds on MoonPay's technology, which reaches more than 35 million users. MoonPay also plans to use the fund in its stablecoin reserves.
#wisdomtree
"I do think that wallets are going to become the future, where you're going to have almost everything in your wallet," Pham said. "It's going to be your checking account, your savings account, your stablecoin wallet, your tokenized fund wallet. It's going to be your brokerage account."
Related: Duolingo beats Netflix by 80 spots in new power ranking
The first step came Sept. 17, when WisdomTree and MoonPay announced a collaboration to expand U.S. access to WTGXX, the WisdomTree Treasury Money Market Digital Fund, which holds short-term Treasuries.
WisdomTree said it is building an access point for its tokenized funds on MoonPay's technology, which reaches more than 35 million users. MoonPay also plans to use the fund in its stablecoin reserves.
#wisdomtree
2 months ago
A public company typically has limited control over third-party financial products that reference its shares, but Robinhood Markets, Inc. (NASDAQ:HOOD) and AMC Entertainment Holdings, Inc. (NYSE:AMC) are now testing that notion in public, in one of the year's most intense corporate spats. The debate revolves over stock tokens and has evolved from a heated social media post on September 3 to a live televised retort by September 9.
Robinhood Markets, Inc. (NASDAQ:HOOD) expanded its tokenized shares offering, which is issued through a unit named Robinhood ****** ets (Jersey) Limited and traded on Robinhood's proprietary blockchain, Robinhood Chain, to include over 190 public firms, including AMC, without the companies directly signing on. When AMC CEO Adam Aron discovered that his company was among them, he did not mince words. On September 3, Aron posted on X, calling the practice "contemptible, outrageous, disgusting, detestable, inexcusable, vile," questioning how it could possibly be legal, and stating that AMC Entertainment Holdings, Inc. (NYSE:AMC) had no relation to the tokens and did not condone them.
He stated that the company would retain independent securities counsel and vowed to take the matter to the SEC, characterizing Robinhood's tokens as an unregistered securities product that undermines the regular relationship between a public company and its shareholders.
The market reaction was fast and telling: AMC shares rose as much as 21% in overnight trading after the public dispute broke out.
Robinhood did not back down. In the days that followed, the company's chief legal officer, Dan Gallagher, a former SEC commissioner, mocked the tone of Aron's complaint on social media, saying Robinhood "know[s] a little something about the US securities laws," and inviting AMC's lawyers to contact them. CEO Vlad Tenev originally commented on X with a brief "What's the concern?" before making his first extensive, broadcast comments on the controversy in a CNBC "Squawk Box" interview on September 9.
#company
Robinhood Markets, Inc. (NASDAQ:HOOD) expanded its tokenized shares offering, which is issued through a unit named Robinhood ****** ets (Jersey) Limited and traded on Robinhood's proprietary blockchain, Robinhood Chain, to include over 190 public firms, including AMC, without the companies directly signing on. When AMC CEO Adam Aron discovered that his company was among them, he did not mince words. On September 3, Aron posted on X, calling the practice "contemptible, outrageous, disgusting, detestable, inexcusable, vile," questioning how it could possibly be legal, and stating that AMC Entertainment Holdings, Inc. (NYSE:AMC) had no relation to the tokens and did not condone them.
He stated that the company would retain independent securities counsel and vowed to take the matter to the SEC, characterizing Robinhood's tokens as an unregistered securities product that undermines the regular relationship between a public company and its shareholders.
The market reaction was fast and telling: AMC shares rose as much as 21% in overnight trading after the public dispute broke out.
Robinhood did not back down. In the days that followed, the company's chief legal officer, Dan Gallagher, a former SEC commissioner, mocked the tone of Aron's complaint on social media, saying Robinhood "know[s] a little something about the US securities laws," and inviting AMC's lawyers to contact them. CEO Vlad Tenev originally commented on X with a brief "What's the concern?" before making his first extensive, broadcast comments on the controversy in a CNBC "Squawk Box" interview on September 9.
#company
2 months ago
Two former Robinhood engineers allegedly used confidential information about upcoming cryptocurrency listings to make profitable trades on decentralized exchange Hyperliquid, federal prosecutors said Tuesday.
Hefu Chai, 36, and Huaisong "Jerry" Xiang, 30, each face one count of commodities fraud and one count of wire fraud.
"Today's charges make clear that corporate insiders cannot evade the securities and commodities laws by trading based on misappropriated information in derivatives like perpetual futures, tokenized securities, or other similar financial instruments," U.S. Attorney Jamie McDonald said in a statement.
Perpetual futures, or "perps," let traders speculate on an **** et's price—often with leverage—without owning it. Unlike conventional futures, the derivatives do not expire. Hyperliquid is one of the largest decentralized platforms for trading perps and has faced increased regulatory scrutiny.
According to the DOJ, the engineers allegedly used nonpublic information about upcoming Robinhood Crypto token listings to buy related perpetual futures before the announcements, earning profits "for their own benefit" between 2025 and 2026. Each defendant earned more than $50,000 from the alleged scheme, the Justice Department said.
#futures #engineers
Hefu Chai, 36, and Huaisong "Jerry" Xiang, 30, each face one count of commodities fraud and one count of wire fraud.
"Today's charges make clear that corporate insiders cannot evade the securities and commodities laws by trading based on misappropriated information in derivatives like perpetual futures, tokenized securities, or other similar financial instruments," U.S. Attorney Jamie McDonald said in a statement.
Perpetual futures, or "perps," let traders speculate on an **** et's price—often with leverage—without owning it. Unlike conventional futures, the derivatives do not expire. Hyperliquid is one of the largest decentralized platforms for trading perps and has faced increased regulatory scrutiny.
According to the DOJ, the engineers allegedly used nonpublic information about upcoming Robinhood Crypto token listings to buy related perpetual futures before the announcements, earning profits "for their own benefit" between 2025 and 2026. Each defendant earned more than $50,000 from the alleged scheme, the Justice Department said.
#futures #engineers
2 months ago
Online brokerage Robinhood Markets (NASDAQ: $HOOD) says that it will offer share redemptions and voting rights on tokenized stocks.
The move comes as Robinhood faces mounting criticism over its plans to put U.S. stocks on blockchain rails.
"In-kind redemption and voting are coming for Robinhood Stock Tokens," said Robinhood CEO Vlad Tenev in a social media post on Sept. 14.
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#online
The move comes as Robinhood faces mounting criticism over its plans to put U.S. stocks on blockchain rails.
"In-kind redemption and voting are coming for Robinhood Stock Tokens," said Robinhood CEO Vlad Tenev in a social media post on Sept. 14.
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MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#online
2 months ago
Cronos rebrands its trading app as Ult, expanding beyond crypto into prediction markets, perpetuals and tokenized **** ets.
Ult targets 100+ countries with 24/7/365 trading, 10 sports prediction categories and around 40 leveraged markets at launch.
Cronos Network could see more trading flow as Ult brings users, **** ets and liquidity into the ecosystem, with plans to move more markets onchain as volume grows.
Cronos, the blockchain ecosystem **** ociated with Crypto.com, is reshaping its product strategy around a new trading application called Ult. It has introduced a revenue-linked mechanism designed to support its native CRO token.
Cronos CEO Ryan Wyatt announced the changes on X, saying the new strategy is intended to provide greater clarity for users and developers. It aims to put a stronger focus on products that generate value for CRO.
#markets
Ult targets 100+ countries with 24/7/365 trading, 10 sports prediction categories and around 40 leveraged markets at launch.
Cronos Network could see more trading flow as Ult brings users, **** ets and liquidity into the ecosystem, with plans to move more markets onchain as volume grows.
Cronos, the blockchain ecosystem **** ociated with Crypto.com, is reshaping its product strategy around a new trading application called Ult. It has introduced a revenue-linked mechanism designed to support its native CRO token.
Cronos CEO Ryan Wyatt announced the changes on X, saying the new strategy is intended to provide greater clarity for users and developers. It aims to put a stronger focus on products that generate value for CRO.
#markets
2 months ago
Online brokerage Robinhood Markets (NASDAQ: $HOOD) says that it will offer share redemptions and voting rights on tokenized stocks.
The move comes as Robinhood faces mounting criticism over its plans to put U.S. stocks on blockchain rails.
"In-kind redemption and voting are coming for Robinhood Stock Tokens," said Robinhood CEO Vlad Tenev in a social media post on Sept. 14.
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MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#robinhood
The move comes as Robinhood faces mounting criticism over its plans to put U.S. stocks on blockchain rails.
"In-kind redemption and voting are coming for Robinhood Stock Tokens," said Robinhood CEO Vlad Tenev in a social media post on Sept. 14.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#robinhood
2 months ago
Nasdaq (NASDAQ: $NDAQ) has invested $100 million U.S. in Payward, the parent company of cryptocurrency exchange Kraken.
The investment by Nasdaq was part of a new funding round that valued Payward at $21 billion U.S. The company had been seeking new capital at a $20 billion U.S. valuation.
Nasdaq's investment also comes as the exchange known for listing technology stocks develops tokenized market infrastructure and prepares for around the clock trading.
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#company #NDAQ #kraken
The investment by Nasdaq was part of a new funding round that valued Payward at $21 billion U.S. The company had been seeking new capital at a $20 billion U.S. valuation.
Nasdaq's investment also comes as the exchange known for listing technology stocks develops tokenized market infrastructure and prepares for around the clock trading.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#company #NDAQ #kraken
2 months ago
On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie is joined by special guest co-host Ophelia Snyder, Co-Founder of 21Shares. Payward Chief Commercial Officer Mark Greenberg breaks down Kraken parent Payward's new partnerships with SoFi and the London Stock Exchange, and how xStocks is bringing tokenized equities and 24/7 markets to investors around the world. Bullish Exchange President Chris Tyrer unpacks Bullish's $4.2 billion acquisition of transfer agent Equiniti, its first tokenized-share trades on a GFSC-regulated venue, and the competing models shaping the future of tokenized stocks. Plus, Sanasie and Snyder break down another billion-dollar week for Bitcoin and Ethereum ETFs and what shifting macro conditions could mean for crypto.-Learn more at bullish.com.-Register now for CoinDesk's Policy and Regulation event on September 22, 2026: policy-regulation.coindesk.com.-To get market-moving news delivered daily, download CoinDesk's mobile app: linktr.ee/coindeskapp.
#sanasie
#sanasie
2 months ago
Nasdaq (Nasdaq: NDAQ) announced on Sep. 10 that its strategic investment arm, Nasdaq Ventures, is investing $100 million in Payward, the parent company of the Kraken crypto exchange.
The two companies also announced a partnership to launch the Equity Token (NET) framework by the second quarter of 2027.
"The next era of market evolution will be defined by how efficiently and seamlessly capital and ****** ets move across the financial system with durable liquidity," said Nasdaq President Tal Cohen. "Expanding our relationship with Payward reflects our conviction that the company can play an important role in building the infrastructure that supports this evolution."
Related: What are tokenized stocks? Explained
Nasdaq and Payward had announced the NET partnership in March to support the tokenization of equities within "existing regulatory frameworks" which gives public issuers more control over the tokenized versions of their companies' stocks.
#NASDAQ #Companies
The two companies also announced a partnership to launch the Equity Token (NET) framework by the second quarter of 2027.
"The next era of market evolution will be defined by how efficiently and seamlessly capital and ****** ets move across the financial system with durable liquidity," said Nasdaq President Tal Cohen. "Expanding our relationship with Payward reflects our conviction that the company can play an important role in building the infrastructure that supports this evolution."
Related: What are tokenized stocks? Explained
Nasdaq and Payward had announced the NET partnership in March to support the tokenization of equities within "existing regulatory frameworks" which gives public issuers more control over the tokenized versions of their companies' stocks.
#NASDAQ #Companies
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2 months ago
A crypto trader saw an unrealized gain of over $2 million in less than 12 hours by capitalizing on the controversy surrounding Robinhood Markets (Nasdaq: HOOD) and AMC Entertainment Holdings (NYSE: AMC).
Here is what happened.
Related: Jim Cramer issues bullish call on Robinhood after Morgan Stanley upgrade
As reported earlier, the two companies recently got involved in a major controversy.
Robinhood is an e-brokerage platform that offers equity, crypto, and stock tokens. A tokenized stock or a stock token is a digital token created on a blockchain that tracks the price of a publicly listed company's stock. It is only a synthetic version of a stock, with no official relation to the company publicly listed on a stock exchange.
#listed
Here is what happened.
Related: Jim Cramer issues bullish call on Robinhood after Morgan Stanley upgrade
As reported earlier, the two companies recently got involved in a major controversy.
Robinhood is an e-brokerage platform that offers equity, crypto, and stock tokens. A tokenized stock or a stock token is a digital token created on a blockchain that tracks the price of a publicly listed company's stock. It is only a synthetic version of a stock, with no official relation to the company publicly listed on a stock exchange.
#listed
2 months ago
Circle Internet Group (NYSE: $CRCL) President Heath Tarbert warned lawmakers on Wednesday that the United States could lose its financial influence if the next generation of money and capital markets develops on infrastructure governed outside the country.
Testifying before the House Financial Services Committee, Tarbert argued that the rise of stablecoins, tokenized ****** ets, and blockchain-based settlement is turning financial infrastructure into software, according to his written testimony. He claimed that this is giving governments a new battleground over where money moves and which laws govern it.
"Congress cannot determine which technologies will succeed. It can determine whether American law, American institutions, and the dollar will remain embedded in the systems that do," Tarbert said.
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#american #infrastructure
Testifying before the House Financial Services Committee, Tarbert argued that the rise of stablecoins, tokenized ****** ets, and blockchain-based settlement is turning financial infrastructure into software, according to his written testimony. He claimed that this is giving governments a new battleground over where money moves and which laws govern it.
"Congress cannot determine which technologies will succeed. It can determine whether American law, American institutions, and the dollar will remain embedded in the systems that do," Tarbert said.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#american #infrastructure
2 months ago
On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie is joined by Ben Spiegelman, Head of Institutional at Base, to break down Coinbase's newly launched tokenized stocks. Zach Pandl, Head of Research at Grayscale, unpacks the debut of the first-ever Zcash ETF. Plus, Solstice CEO Ben Nadareski explains strcUSX, a Solana-based product that splits the economics of Strategy's STRC preferred into senior and junior tranches.-Learn more at bullish.com.-Register now for CoinDesk's Policy and Regulation event on September 22, 2026: policy-regulation.coindesk.com.-To get market-moving news delivered daily, download CoinDesk's mobile app: linktr.ee/coindeskapp.
#Stock #jennifer
#Stock #jennifer
2 months ago
The Ripple dollar-pegged stablecoin RLUSD has surpassed a $2Bn market capitalization, with more than $1Bn of that supply issued on the XRP Ledger, according to Jack McDonald, Ripple's senior vice president responsible for stablecoins.
The milestone arrived less than two years after RLUSD's launch, McDonald said in a post on X, formerly Twitter, first reported by blockchain outlet The Crypto Basic.
This is not simply a supply-growth headline. It is Ripple's clearest signal yet that RLUSD is meant to function as dollar-based settlement infrastructure across tokenized finance, payments, and lending, rather than as a token confined to exchange order books.
McDonald's disclosure stated that RLUSD issued on the XRP Ledger alone has exceeded $1Bn, a figure distinct from the token's total market capitalization across all networks.
The primary reporting places this announcement in early September, with The Crypto Basic's account crediting the milestone to McDonald's own attestation post rather than to a third-party data aggregator.
#ledger #dollar #market
The milestone arrived less than two years after RLUSD's launch, McDonald said in a post on X, formerly Twitter, first reported by blockchain outlet The Crypto Basic.
This is not simply a supply-growth headline. It is Ripple's clearest signal yet that RLUSD is meant to function as dollar-based settlement infrastructure across tokenized finance, payments, and lending, rather than as a token confined to exchange order books.
McDonald's disclosure stated that RLUSD issued on the XRP Ledger alone has exceeded $1Bn, a figure distinct from the token's total market capitalization across all networks.
The primary reporting places this announcement in early September, with The Crypto Basic's account crediting the milestone to McDonald's own attestation post rather than to a third-party data aggregator.
#ledger #dollar #market
2 months ago
The London Stock Exchange ($LSEG) is partnering with cryptocurrency exchange Kraken to place shares of the United Kingdom's largest publicly traded companies on blockchain rails.
In coming weeks, the 100 largest London-listed companies will be made available on Kraken's xStocks tokenized equities framework.
A tokenized stock is a digital token on a blockchain that represents a share or exposure to a traditional company stock.
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#Stock
In coming weeks, the 100 largest London-listed companies will be made available on Kraken's xStocks tokenized equities framework.
A tokenized stock is a digital token on a blockchain that represents a share or exposure to a traditional company stock.
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MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#Stock
2 months ago
Intercontinental Exchange (ICE) (NYSE: $ICE), the parent company of the New York Stock Exchange, has partnered with blockchain infrastructure firm tZERO to build the systems behind its planned market for tokenized securities.
On Monday, the companies announced that tZERO will work with ICE on transfer-agent and broker-dealer infrastructure designed to support the onchain settlement of tokenized securities on ICE's upcoming NYSE-affiliated digital trading platform.
ICE will also invest in tZERO's latest funding round and license its portfolio of 103 blockchain patents. The size of the investment was not disclosed.
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#Blockchain #infrastructure
On Monday, the companies announced that tZERO will work with ICE on transfer-agent and broker-dealer infrastructure designed to support the onchain settlement of tokenized securities on ICE's upcoming NYSE-affiliated digital trading platform.
ICE will also invest in tZERO's latest funding round and license its portfolio of 103 blockchain patents. The size of the investment was not disclosed.
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MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#Blockchain #infrastructure
2 months ago
The London Stock Exchange ($LSEG) is partnering with cryptocurrency exchange Kraken to place shares of the United Kingdom's largest publicly traded companies on blockchain rails.
In coming weeks, the 100 largest London-listed companies will be made available on Kraken's xStocks tokenized equities framework.
A tokenized stock is a digital token on a blockchain that represents a share or exposure to a traditional company stock.
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#largest
In coming weeks, the 100 largest London-listed companies will be made available on Kraken's xStocks tokenized equities framework.
A tokenized stock is a digital token on a blockchain that represents a share or exposure to a traditional company stock.
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#largest
2 months ago
On Aug. 4, 2026, Solana (CRYPTO: SOL) broke its all-time record for activity on its blockchain, recording 169.9 million transactions, according to data from Blockworks. Breaking that record has happened repeatedly this year, even as the coin's price fell. As of Aug. 27, it's still 63% below its peak price in January 2025.
So is the coin worth buying now that it's clearly gaining some traction? Or is it better to sell it because its transaction activity hasn't been closely tied to its price this year?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
One of the factors in favor of buying Solana on the basis of its increasing on-chain activity is that the composition of its transaction volume changed a lot this year. In doing so, it supported a core part of the bull thesis.
Tokenized stocks are essentially blockchain tokens that are backed by shares of public companies, and as a group, they're one of the most anticipated drivers of growth on Solana.
#NVIDIA #time #record
So is the coin worth buying now that it's clearly gaining some traction? Or is it better to sell it because its transaction activity hasn't been closely tied to its price this year?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
One of the factors in favor of buying Solana on the basis of its increasing on-chain activity is that the composition of its transaction volume changed a lot this year. In doing so, it supported a core part of the bull thesis.
Tokenized stocks are essentially blockchain tokens that are backed by shares of public companies, and as a group, they're one of the most anticipated drivers of growth on Solana.
#NVIDIA #time #record
2 months ago
Tether is putting fresh focus on Asia-Pacific as it expands its push into real-world ******* et tokenization, with Jed ******* f joining the company as Expansion Manager, Tokenization.
Nazif announced the move on LinkedIn, saying he will focus on driving RWA initiatives and expanding Tether's tokenization platform, Hadron by Tether, across APAC.
"I'm excited to drive RWA initiatives and Tether's tokenization platform, Hadron, in APAC," ******* f said.
The appointment comes as Tether increasingly looks beyond its core stablecoin business and builds infrastructure aimed at bringing traditional ******* ets onto blockchains.
Hadron, launched by Tether in 2024, is designed to help institutions issue and manage tokenized ******* ets across their lifecycle. The platform supports the tokenization of ******* ets including stocks, bonds, commodities, funds and reward points, alongside tools for KYC, blockchain reporting, capital-market management and regulatory guidance.
#tokenization #platform #apac #initiatives
Nazif announced the move on LinkedIn, saying he will focus on driving RWA initiatives and expanding Tether's tokenization platform, Hadron by Tether, across APAC.
"I'm excited to drive RWA initiatives and Tether's tokenization platform, Hadron, in APAC," ******* f said.
The appointment comes as Tether increasingly looks beyond its core stablecoin business and builds infrastructure aimed at bringing traditional ******* ets onto blockchains.
Hadron, launched by Tether in 2024, is designed to help institutions issue and manage tokenized ******* ets across their lifecycle. The platform supports the tokenization of ******* ets including stocks, bonds, commodities, funds and reward points, alongside tools for KYC, blockchain reporting, capital-market management and regulatory guidance.
#tokenization #platform #apac #initiatives
2 months ago
Key Takeaways
XRP's strongest early payments argument was capital efficiency, not merely speed: institutions could source liquidity when a payment occurred, rather than keeping money pre-funded around the world.
That gap is narrowing fast. JPMorgan now offers eight-currency blockchain deposit accounts with onchain FX, while Citi says its 24/7 network can reduce pre-funding across more than 40 markets.
XRP still has a role in situations where bank networks are fragmented or local FX liquidity is poor, but it increasingly has to compete with tokenized deposits and stablecoins, including Ripple's own RLUSD.
For years, XRP had an obvious target in cross-border payments: banks could send a SWIFT message quickly, but actually moving and settling money remained slower and capital-intensive.
#payments #liquidity #takeaways #strongest
XRP's strongest early payments argument was capital efficiency, not merely speed: institutions could source liquidity when a payment occurred, rather than keeping money pre-funded around the world.
That gap is narrowing fast. JPMorgan now offers eight-currency blockchain deposit accounts with onchain FX, while Citi says its 24/7 network can reduce pre-funding across more than 40 markets.
XRP still has a role in situations where bank networks are fragmented or local FX liquidity is poor, but it increasingly has to compete with tokenized deposits and stablecoins, including Ripple's own RLUSD.
For years, XRP had an obvious target in cross-border payments: banks could send a SWIFT message quickly, but actually moving and settling money remained slower and capital-intensive.
#payments #liquidity #takeaways #strongest
2 months ago
Bitwise has launched a new product that lets eligible investors outside the U.S. automatically follow professionally designed portfolios of tokenized U.S. stocks while keeping the ****** ets in their own wallets.
The crypto ****** et manager's Automated Token Portfolios, or ATPs, are rules-based portfolios created by Bitwise Investment Manager, the company said in a Tuesday announcement. The portfolios use Coinbase's tokenized stocks and are implemented through Glider, an onchain portfolio automation platform.
The initial offerings will focus on themes including the Magnificent 7 technology companies plus ****** eX (NASDAQ: $SPCX), robotics, and artificial intelligence leaders. Bitwise will charge a 0.15% methodology access fee, excluding trading and platform costs.
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#portfolios #bitwise #automated #atps
The crypto ****** et manager's Automated Token Portfolios, or ATPs, are rules-based portfolios created by Bitwise Investment Manager, the company said in a Tuesday announcement. The portfolios use Coinbase's tokenized stocks and are implemented through Glider, an onchain portfolio automation platform.
The initial offerings will focus on themes including the Magnificent 7 technology companies plus ****** eX (NASDAQ: $SPCX), robotics, and artificial intelligence leaders. Bitwise will charge a 0.15% methodology access fee, excluding trading and platform costs.
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#portfolios #bitwise #automated #atps
2 months ago
Coinbase Global, Inc. (NASDAQ:COIN) jumped 10% on August 19 as Bitcoin gained approximately 6% as of writing and traded at its highest level since early June. The rally followed a White House meeting where President Donald Trump urged Congress to pass a "fair version" of the CLARITY Act. Coinbase CEO Brian Armstrong joined other cryptocurrency executives and financial regulators at the meeting.
The stock move combined two powerful drivers: cryptocurrency prices and regulatory expectations. Yet the latest results showed why Coinbase Global, Inc. (NASDAQ:COIN) still needs both. Second-quarter revenue declined 19% to $1.22 billion as weaker crypto prices and trading activity pressured results. The company reported a $359.5 million net loss that included a $209.5 million loss on crypto **** ets held for investment and $52.4 million of restructuring expense.
The question is whether Washington can give Coinbase Global, Inc. (NASDAQ:COIN) enough regulatory operating leverage to reduce its dependence on the next Bitcoin rally.
The CLARITY Act would establish clearer jurisdiction between the SEC and CFTC while creating a federal registration framework for digital-commodity exchanges, brokers, and dealers. For Coinbase Global, Inc. (NASDAQ:COIN), clearer classifications could reduce uncertainty around **** et listings and make institutions more comfortable with trading, custody, and tokenized products.
The platform is also broader than it was during earlier cryptocurrency cycles. Coinbase Global, Inc. (NASDAQ:COIN) said its company-defined crypto trading-volume market share reached a record 10.3% in the second quarter, up from 9.1% in the first quarter. Subscription and services revenue totaled $555 million and represented 48% of net revenue, while average USDC held in Coinbase products reached a record $20 billion.
#quarter #Crypto
The stock move combined two powerful drivers: cryptocurrency prices and regulatory expectations. Yet the latest results showed why Coinbase Global, Inc. (NASDAQ:COIN) still needs both. Second-quarter revenue declined 19% to $1.22 billion as weaker crypto prices and trading activity pressured results. The company reported a $359.5 million net loss that included a $209.5 million loss on crypto **** ets held for investment and $52.4 million of restructuring expense.
The question is whether Washington can give Coinbase Global, Inc. (NASDAQ:COIN) enough regulatory operating leverage to reduce its dependence on the next Bitcoin rally.
The CLARITY Act would establish clearer jurisdiction between the SEC and CFTC while creating a federal registration framework for digital-commodity exchanges, brokers, and dealers. For Coinbase Global, Inc. (NASDAQ:COIN), clearer classifications could reduce uncertainty around **** et listings and make institutions more comfortable with trading, custody, and tokenized products.
The platform is also broader than it was during earlier cryptocurrency cycles. Coinbase Global, Inc. (NASDAQ:COIN) said its company-defined crypto trading-volume market share reached a record 10.3% in the second quarter, up from 9.1% in the first quarter. Subscription and services revenue totaled $555 million and represented 48% of net revenue, while average USDC held in Coinbase products reached a record $20 billion.
#quarter #Crypto
2 months ago
Japan plans to proceed with a national blockchain-based settlement infrastructure for tokenized versions of stocks and ******* anese government bonds.
Japan's financial regulator, the Bank of ******* an, and major financial institutions are collaborating on the tokenization project.
Work on the project is expected to begin in early 2027, with operation of the new onchain system likely to begin in the early 2030s, according to media reports.
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#cryptoprowl
Japan's financial regulator, the Bank of ******* an, and major financial institutions are collaborating on the tokenization project.
Work on the project is expected to begin in early 2027, with operation of the new onchain system likely to begin in the early 2030s, according to media reports.
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#cryptoprowl
2 months ago
Associations that represent banks scattered across U.S. states are planning to launch their own blockchain network.
A consortium of 39 state banking ******* ociations plans to launch a new bank-run blockchain network to facilitate financial innovations, including tokenized deposits and stablecoins.
The 39 ******* ociations have signed onto the "BankChain Alliance" that aims to build the blockchain network by 2027.
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#associations
A consortium of 39 state banking ******* ociations plans to launch a new bank-run blockchain network to facilitate financial innovations, including tokenized deposits and stablecoins.
The 39 ******* ociations have signed onto the "BankChain Alliance" that aims to build the blockchain network by 2027.
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#associations
2 months ago
Cryptocurrency exchange Coinbase Global (NASDAQ: $COIN) has debuted tokenized stocks on its Base blockchain network.
Coinbase joins rival exchanges Kraken and Binance in the race to bring stock trading onchain.
In a statement, Coinbase said that investors can now trade tokenized versions of stock such as Apple (NASDAQ: $AAPL), Nvidia (NASDAQ: $NVDA), and Alphabet (NASDAQ: $GOOGL).
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#base
Coinbase joins rival exchanges Kraken and Binance in the race to bring stock trading onchain.
In a statement, Coinbase said that investors can now trade tokenized versions of stock such as Apple (NASDAQ: $AAPL), Nvidia (NASDAQ: $NVDA), and Alphabet (NASDAQ: $GOOGL).
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#base
2 months ago
Solana's real-world-asset ecosystem crossed $4 billion in total value on August 23, according to a post from the official Solana account. The milestone came two days after validators activated SIMD-0525 at epoch 1020, cutting the network's slot time from 400 milliseconds to 350 milliseconds for the first time since launch.
In the six days before epoch 1020, Solana Compass network ***** ytics recorded average user throughput of 1,710 transactions per second and 27.7% compute utilization against the 400ms block ceiling.
DISCOVER: Best Meme Coins to Buy in 2026
Motley Fool's ***** ysis of the 30 days ending August 19 put Solana's RWA inflows at $263 million, while Ethereum's RWA ecosystem recorded $337 million in outflows over the same window. The report put Solana's 30-day growth rate at 10.6%, compared with Ethereum's 1.3%.
Tokenized U.S. Treasury products accounted for $1.2 billion of Solana's reported RWA ecosystem total, up 16.1% over the same period, according to the same report. Backed Finance's xStocks product offers more than 60 U.S. stocks and ETFs as SPL tokens, with trading available on Raydium, Jupiter, and Kamino Finance.
#Solana #time
In the six days before epoch 1020, Solana Compass network ***** ytics recorded average user throughput of 1,710 transactions per second and 27.7% compute utilization against the 400ms block ceiling.
DISCOVER: Best Meme Coins to Buy in 2026
Motley Fool's ***** ysis of the 30 days ending August 19 put Solana's RWA inflows at $263 million, while Ethereum's RWA ecosystem recorded $337 million in outflows over the same window. The report put Solana's 30-day growth rate at 10.6%, compared with Ethereum's 1.3%.
Tokenized U.S. Treasury products accounted for $1.2 billion of Solana's reported RWA ecosystem total, up 16.1% over the same period, according to the same report. Backed Finance's xStocks product offers more than 60 U.S. stocks and ETFs as SPL tokens, with trading available on Raydium, Jupiter, and Kamino Finance.
#Solana #time
