raydium captured 76.5% of tokenized stock trading on solana with 190x volume growth q2 to q3. processing $19b monthly volume. token sits at $447m market cap down 50% from highs. either the tokenized securities boom is fake or ray token economics don't capture the value. both scenarios are tradeable. ...

Market Prediction - Galaxy 的 DeFi 负责人预测，到 2030 年，Solana 将交易大部分代币化证券 [1]

Core Insights - Ondo Finance has completed the acquisition of Oasis Pro, enhancing its position in the Real World Assets (RWA) sector and aiming for a breakout in the market [1][3] - The tokenized securities market is projected to exceed $18 trillion by 2033, indicating significant growth potential for Ondo [2] - This acquisition allows Ondo to operate within US financial regulations, bridging traditional finance and blockchain, which is essential for attracting institutional investors [3] Company Developments - Ondo's Total Value Locked (TVL) reached an all-time high of $1.74 billion, with Q3 revenue and fees amounting to approximately $13.7 million [4] - Ondo Global Markets has surpassed $300 million in tokenized assets, driven by strong demand for tokenized treasuries, stocks, and stablecoins [5] Market Dynamics - The current trading price of ONDO is $0.94, reflecting a 2.84% increase in the past 24 hours, with a support zone identified around $0.86 and a target of $1.12 if bullish momentum continues [6] - The ONDO Short Term Bubble Risk (STBR) indicator suggests that the asset has completed a full market cycle and is currently stabilized, although there are warnings of potential overheating if trading volume increases [8][9]

Regulatory Approval & Compliance - Plume receives SEC approval to become a registered transfer agent in the US [1] - This registration enables Plume to compliantly manage tokenized securities' shareholder records on-chain [1] - Plume is positioned as one of the few RWA projects with regulatory advantages and traditional finance connectivity [1] Business Implications & RWA Market - Plume can directly register and manage shareholder records of tokenized securities on-chain [1] - Plume can connect to the DTCC clearing system [1] - Plume can manage digital securities, including shareholder record maintenance, share issuance, transfer processing, and dividend distribution [1] - This accelerates Plume's mission to bring the trillion-dollar U S securities market on-chain [1]

Market Dynamics - PLUME rises 25% [1] - Network registered by SEC as Transfer Agent for Tokenized Securities [1]

Regulatory Compliance - Plume Network has been approved by the SEC and registered as a transfer agent for tokenized securities [1] - This registration grants Plume the legal authority to handle and register transactions of security tokens within the U S regulatory framework [1] - Traditionally, only a limited number of financial institutions hold this license [1] - Plume aims to collaborate with the SEC to establish fully compliant tokenized capital markets [1] Strategic Implications - Plume's registration accelerates its mission to bring the trillion-dollar U S securities market on-chain [1] - This move is a step towards working with the SEC to build fully compliant tokenized capital markets [1]

Core Insights - Plume Network has become an SEC-regulated transfer agent, enhancing the management of tokenized securities and increasing its native token (PLUME) value by 25% with a 186% rise in daily trading volume [1][2] Company Overview - Plume Network is a modular Layer 2 blockchain focused on real-world assets (RWAs) and now operates as a registered transfer agent, managing digital securities and shareholder records on-chain [1][2] - The company aims to streamline the issuance, transfer, and management of tokenized securities, providing a regulatory framework for institutions like BlackRock, Fidelity, and Apollo [3][4] Technological Advancements - The technology developed by Plume is designed to reduce tokenization timelines from months to weeks through smart-contract automation, facilitating on-chain IPOs, small-cap fundraising, and registered funds [3] - As a blockchain transfer agent, Plume utilizes distributed ledger technology to maintain secure, immutable, and transparent records of asset ownership and transfers [5] Regulatory Engagement - Plume's registration as a transfer agent follows active collaboration with regulatory bodies and contributions to discussions on the GENIUS Act, reflecting the SEC's openness to real-world asset tokenization projects [6] - The operational status of Plume's regulated transfer agent allows funds to engage with its infrastructure immediately, despite ongoing regulatory developments [7]

Digital Assets Landscape - Digital assets, including stablecoins and tokenized securities, are a prominent topic at an international bankers' gathering in Germany [1] Industry Focus - The discussions encompass both formal presentations and informal conversations, highlighting the widespread interest in digital assets within the banking sector [1]

Integration and Technology - 21X integrates Chainlink to bring market data onchain for its tokenized securities [1] - The integration is powered by Chainlink Runtime Environment (CRE) [2] - Chainlink's infrastructure secures the majority of decentralized finance and has enabled tens of trillions in transaction value [4] Market Impact and DeFi - EU-regulated tokenized equities, debt securities, and funds can be used more effectively across DeFi applications [1] - Integration delivers transparency, auditability, and collateral utility for institutions [3] - Collaboration opens potential for institutional capital flows into DeFi [5] Future Plans - 21X plans to expand its use of Chainlink to include pre-trade data, advanced analytics, and more asset classes [6] - The exchange aims to build a more transparent and composable financial system [6]

Industry Advancement - The EU's first regulated onchain exchange for tokenized securities, 21X, has integrated Chainlink [1] - 21X utilizes Chainlink to provide real-time market data on the Polygon network [1]