London Stock Exchange Group has rolled out a blockchain-based platform initially focused on private funds, marking a push by the bourse operator into digital assets https://t.co/Kc89MAKhOp ...

Industry groups urge British govt. to include digital assets in UK–US Tech Bridge ahead of second Trump state visit https://t.co/IILh1WqeX1 ...

UK trade groups have urged the UK Business Secretary to include blockchain collaboration in the upcoming UK–US Tech Bridge agreement. In a letter, they emphasized the strategic importance of stablecoins and tokenization for both economies. They warned that excluding digital assets could marginalize the UK in future financial standard-setting. https://t.co/4wcG1QWnVe ...

Core Insights - Figure Technology Solutions experienced a strong market debut, with shares rising 24% to close at $31.11, resulting in a multibillion-dollar market capitalization and attracting institutional investors [1][4] - The company raised approximately $787 million through its IPO, indicating significant investor interest in its blockchain-based technologies for capital markets [4][6] Blockchain and Technology - Figure's blockchain-centered approach aims to enhance efficiencies in lending and asset settlement, moving away from traditional settlement processes [4][5] - The company operates a digital lien registry that allows for instant ownership changes, replacing lengthy paper processes with real-time verification [6] Product Expansion and Market Opportunity - Figure plans to utilize IPO proceeds to expand beyond its core home-equity and mortgage products, targeting a $185 billion revenue opportunity across various sectors [7] - The company has seen a 40% month-on-month growth in crypto-backed lending, with over 1,000 loans issued, amounting to nearly $100 million tied to bitcoin and ether collateral [8] Market Conditions and Regulatory Environment - Current macroeconomic conditions are favorable, with expectations of declining front-end rates as the Federal Reserve cuts rates, while long-term yields remain stable [9] - Regulatory clarity is essential for institutional adoption, with recent legislative measures seen as positive steps [10] Business Model and Future Vision - Figure aims to serve as a marketplace for third-party lenders and investors, automating underwriting processes and facilitating a three-stage flywheel model [11] - The company envisions democratizing access to prime brokerage through stablecoin lending directly to borrowers [12] Success Metrics and Near-Term Plans - Success will be measured by origination volume, take rate, and breadth of adoption, with a target of $2 billion a month in origination volume [13] - The company plans to maintain its core strengths while exploring new products and potential inorganic growth opportunities [13]

Group 1 - Figure Technology was valued at $7.62 billion after its shares jumped 44% in their Nasdaq debut on Thursday [1] - The strong first-day performance of Figure Technology adds to a trend of successful debuts by crypto-linked firms [1] - The digital-assets industry is moving closer to mainstream acceptance [1]

Cantor Fitzgerald's Commemoration and Philanthropy - Cantor Fitzgerald commemorates the 24th anniversary of the September 11th attacks with their annual charity day [1][3] - All revenue raised on the day will go to charity, turning tragedy into something beautiful [6] - The Cantor Relief Fund was started to take care of the 9/11 families, with a promise to give 25% of profits for the first five years and pay for families' healthcare, totaling $180 million over 15 years [7][8] - Cantor Fitzgerald offers standing job offers to children or anyone related to those lost in the towers on 9/11 [8] Business Growth and Strategy - Cantor Fitzgerald has significantly grown since 9/11, increasing from a couple hundred brokers to 2,000 across three companies (Newmark, BGC, and Cantor Fitzgerald), with about 14,000 employees in total [10] - The firm was the number one underwriter for US Global IPOs through August [12] - Cantor Fitzgerald has doubled its investment bank size over the last 18 months [13] - The company intends to remain a private investment bank, citing the ability to move fast, be mobile, and efficient with less bureaucracy [13][14][15] SPAC Market and Digital Assets - Cantor Fitzgerald has been a long-time believer in SPACs and sees tremendous value in them [18][19] - The company is very bullish on the Digital Asset Registry and believes the current administration is smart, thoughtful, and caring towards the industry [32] - Cantor Fitzgerald has a close relationship with Tether, the largest stablecoin in the world, and believes stablecoins should exist across the world [38][39] New York City and Future Risks - Cantor Fitzgerald has a buy and hold strategy on New York City, believing it is a strong and resilient city [46] - The company believes the current administration is smart and that things will get done [47] - The biggest risk seen is people moving too quickly or making rash decisions, emphasizing the importance of getting a second or third opinion [49][50]

RT BSCN (@BSCNews)CHAINLINK, UBS, AND DIGIFT PARTNER TO AUTOMATE TOKENIZED FUND OPERATIONS IN HONG KONG- @Chainlink, @UBS, and @DigiFTTech have teamed up to streamline tokenized fund operations on-chain under Hong Kong’s Cyberport Blockchain & Digital Asset Pilot Subsidy Scheme.- The collaboration aims to bring institutional-grade automation to the management of tokenized financial products.- UBS, a global wealth manager overseeing $5.9 trillion in assets, will use the system to manage tokenized products di ...

RT BSCN (@BSCNews)CHAINLINK, UBS, AND DIGIFT PARTNER TO AUTOMATE TOKENIZED FUND OPERATIONS IN HONG KONG- @Chainlink, @UBS, and @DigiFTTech have teamed up to streamline tokenized fund operations on-chain under Hong Kong’s Cyberport Blockchain & Digital Asset Pilot Subsidy Scheme.- The collaboration aims to bring institutional-grade automation to the management of tokenized financial products.- UBS, a global wealth manager overseeing $5.9 trillion in assets, will use the system to manage tokenized products di ...

CHAINLINK, UBS, AND DIGIFT PARTNER TO AUTOMATE TOKENIZED FUND OPERATIONS IN HONG KONG- @Chainlink, @UBS, and @DigiFTTech have teamed up to streamline tokenized fund operations on-chain under Hong Kong’s Cyberport Blockchain & Digital Asset Pilot Subsidy Scheme.- The collaboration aims to bring institutional-grade automation to the management of tokenized financial products.- UBS, a global wealth manager overseeing $5.9 trillion in assets, will use the system to manage tokenized products distributed through ...

Core Viewpoint - Gemini has raised its IPO price range to $24 to $26 per share, aiming for a valuation of approximately $3.2 billion and targeting to raise around $435 million [1][2]. Group 1: IPO Details - The initial public offering (IPO) price range has been increased from $17 to $19 to $24 to $26 per share [1]. - The total share count remains at 16.7 million, which means at the top end of the new price range, Gemini would raise roughly $435 million, an increase from the previous target of about $317 million [1][2]. Group 2: Institutional Support - Nasdaq has committed to invest $50 million in the IPO, indicating strong institutional backing for Gemini as it prepares to go public under the ticker GEMI [3]. - This partnership is viewed as a sign of confidence in Gemini's long-term prospects and reflects Wall Street's increasing acceptance of digital asset platforms [3]. Group 3: Market Context - The IPO is occurring amidst a surge of fintech listings and a renewed interest in digital asset companies [4]. - Investor enthusiasm for Gemini's IPO will depend on the company's ability to stabilize its finances while navigating a changing regulatory landscape [4]. Group 4: Regulatory Challenges - The IPO is set against a backdrop of regulatory controversy, particularly involving allegations against Tyler Winklevoss by CFTC nominee Brian Quintenz [5]. - Quintenz disclosed private messages showing Winklevoss's attempts to influence his confirmation regarding a long-standing dispute with the CFTC, which adds pressure on Gemini as it seeks to assure investors and regulators of its stability [6].