Assetera, a regulated trading platform based in Austria, introduced an API that allows cryptocurrency exchanges to offer tokenized financial products like stocks and government bonds without applying for their own MiFID license. The tool is designed to plug a gap in the European market, where strict financial rules have made it difficult for crypto platforms … Read more
Coinbase (COIN) said it is increasing its bitcoin (BTC) holdings and that it plans to launch tokenized U.S. stocks and prediction markets in the coming months, marking a significant expansion of its business as it seeks to diversify its revenue stream. In a post on X on Thursday, Coinbase CEO Brian Armstrong said, “Coinbase is … Read more
Robinhood’s tokenized stock offerings in Europe have ignited debate over the legality of tokenizing equity, especially that of private companies like OpenAI. OpenAI said Robinhood’s unapproved OpenAI tokens offer no equity ownership rights, causing regulators in Lithuania to open a formal inquiry. But that’s just the start. With concerns over how different jurisdictions approach tokenized … Read more
Bank of New York Mellon (BNY) and Goldman Sachs (GS) are rolling out tokenized money market funds for clients as digital asset adoption is accelerating. BNY, which is one of the oldest and largest custody banks in the world overseeing $53 trillion of assets, announced on Wednesday to start offering institutional investors token versions of … Read more
Wall Street giants Goldman Sachs and BNY are preparing to offer institutional investors access to tokenized money market funds, which could unlock real-time settlement, 24/7 market access and more efficiencies across capital markets. Clients of BNY, the world’s largest custodian bank, will soon be able to invest in money market funds whose ownership is recorded … Read more
VERT, a Brazilian securitization and fund manager, said on Wednesday it debuted a blockchain-based platform to handle private credit transactions on the XRP Ledger (XRP) and its Ethereum-compatible sidechain, bringing more tokenized real-world assets to the ecosystem. The platform’s first transaction was the issuance of a BRL 700 million, or $130 million, Agribusiness Receivables Certificate … Read more
VERT, a Brazilian securitization and fund manager, said on Wednesday it debuted a blockchain-based platform to handle private credit transactions on the XRP Ledger (XRP) and its Ethereum-compatible sidechain, bringing more tokenized real-world assets to the ecosystem. The platform’s first transaction was the issuance of a BRL 700 million, or $130 million, Agribusiness Receivables Certificate … Read more
Demand for trading stocks on-chain is real. Switzerland-based Backed Finance's tokenized U.S. equities product, xStocks, has seen a cumulative trading volume of over $300 million less than a month since going live on Bybit, Kraken, and Solana decentralized finance (DeFi) platforms. xStocks are 24/7 onchain tokens representing shares in publicly traded U.S. firms. Each token … Read more
Global crypto tax reporting still has major cracks — and tokenized stocks may be the catalyst that forces the system to catch up. In recent weeks, platforms like Robinhood and Gemini have started offering tokenized stocks to users in the European Union. These blockchain-based derivatives mimic the price of real equities like Apple and Tesla … Read more
Ever since Robinhood co-founder Vlad Tenev bounded onto the stage in Cannes two weeks ago, channeling old-time movie star David Niven in his white suit and cravat, everybody’s been talking about tokenized stocks. Vlad Tenev on Bloomberg live from Cannes It certainly seems like a big deal for mainstream adoption of crypto. Robinhood is a … Read more