塞舌尔维多利亚, Nov. 21, 2025 (GLOBE NEWSWIRE) -- 全球最大的全景交易所（UEX）Bitget今日宣布，其快速增长的股票期货产品线创下新里程碑，累计交易额已突破 50 亿美元。 这一成就距突破 30 亿美元大关仅过去一周，凸显了全球对代币化股票期货需求正在加速增长。 交易活动的激增与美国股市的强劲势头相呼应——在美股市场，由人工智能驱动的增长、创纪录的第三季度财报以及市场对科技龙头股重新燃起的投资热情，仍持续吸引着全球交易者的关注。 在 Bitget 的股票期货产品阵容中，MicroStrategy（MSTR）以 14 亿美元的累计交易额位居榜首，其次是特斯拉（TSLA）的 10 亿美元和苹果（AAPL）的 4.72 亿美元，凸显了市场对加密货币以及老牌科技巨头的强劲需求。 Bitget 目前上线了 30 余种与美国顶级股票挂钩的 USDT 保证金永续期货合约，提供高达 25 倍的杠杆，以及极具竞争力的 0.0065% 的交易费率。 随着代币化股票的采用率加速提升，Bitget 推出限时优惠，所有股票期货交易对的手续费立减 90%。 本次优惠活动将持续至 1 月 31 日， ...

格隆汇11月17日｜加密货币交易平台Gemini宣布欧盟客户即日起可零手续费交易代币化股票。 ...

Core Insights - SoloTex, a tokenized stock platform, has received approval from the Financial Industry Regulatory Authority (FINRA) to launch within this year [1] - The platform is a collaboration between Texture Capital and Sologenic, enabling U.S. retail investors to purchase tokenized U.S. stocks using stablecoins like USDC [1] - Each tokenized stock on SoloTex corresponds to actual shares held in custody, providing full shareholder rights including dividends and voting [1] Company Overview - SoloTex is designed to facilitate compliant trading of tokenized stocks for retail investors [1] - The platform will mint stock tokens on-demand for each transaction, ensuring a one-to-one correspondence with actual stocks held by the platform's custodian broker [1]

Investment Rating - Maintain Buy Rating [5] Core Viewpoints - Robinhood Markets, Inc is positioned to leverage its innovative capabilities in the cryptocurrency sector, particularly with the introduction of tokenized stocks and the acquisition of Bitstamp, which enhances its regulatory compliance and market reach [2][4][27]. Summary by Sections Company Overview - Robinhood aims to democratize finance by lowering investment barriers for retail investors, offering commission-free trading and a user-friendly platform [11][12]. - The company has a diverse business model that includes brokerage services, cryptocurrency trading, and subscription services [13][14]. Development of Cryptocurrency Business - Robinhood launched its cryptocurrency trading services in 2018, and by Q2 2025, its cryptocurrency trading revenue reached $160 million, accounting for 16% of total revenue, up from approximately $5 million in Q2 2020 [2][26]. - The company has expanded its offerings with the introduction of the Robinhood Wallet and plans to enter the tokenized stock market [2][4]. Peer Comparison - Compared to competitors like Coinbase and Gemini, Robinhood's cryptocurrency revenue is still relatively small, but it boasts a significantly higher number of monthly active users, with 14.9 million in Q4 2024, which is 1.8 times that of Coinbase [3][55]. - Robinhood's average revenue per user (ARPU) surpassed $50 in Q2 2024, indicating stable user monetization [64]. New Business Ventures: Tokenized Stocks - Robinhood plans to offer tokenized stock trading in Europe, which could enhance its market presence and attract a broader customer base [92]. - The introduction of tokenized stocks is expected to facilitate 24/7 trading and lower barriers for non-U.S. investors to access U.S. assets [94]. Market Opportunities and Challenges - The supportive regulatory environment under the Trump administration is seen as a potential catalyst for Robinhood's growth in the cryptocurrency sector [30][31]. - However, challenges such as trust issues regarding tokenized stocks and regulatory scrutiny from European authorities could pose risks to the business [95].

Core Thesis - Galaxy Digital (GLXY) is positioned as a leading player in tokenized equities, benefiting from a first-mover advantage and effectively monopolizing the market for tokenized real shares with full economic and legal rights [2][5] Company Overview - As of September 12th, GLXY's share price was $29.70, with trailing and forward P/E ratios of 36.33 and 185.19 respectively [1] - The company has shown resilience, outperforming the broader crypto market in Q2 despite a 10% decline in its stock, while the digital asset trading volume dropped by 22% compared to a 30% industry-wide contraction [4] Market Potential - The adoption of tokenized equities is expected to accelerate, with projections indicating a global market value of $190 trillion over the next two decades, driven by benefits such as 24/7 trading, instant settlement, fractional ownership, and lower fees [3] - Favorable regulatory conditions from a crypto-friendly administration are also anticipated to support this growth [3] Strategic Initiatives - GLXY is diversifying into AI infrastructure through a partnership with CoreWeave, which is developing the Helios high-performance computing campus in Texas. This project is expected to generate $1 billion annually, with full-scale potential exceeding $4 billion in annual recurring revenue (ARR) [4] - The recent tokenization of GLXY's equity may drive short-term speculative demand from crypto-native investors [5] Financial Outlook - Analysts currently rate GLXY as a consensus strong buy, with a 12-month target implying approximately 60% upside potential [5] - Declining interest rates could lower financing costs for the $1.75 billion Helios project, further enhancing the company's financial outlook [5]

看得出 Solana 是很想在 meme 赌场的定位之外找到新的增长点了，PPI 之后价格表现有点猛。上周四凌晨 Moonshot 上线了一堆 xStocks @xStocksFi 的股票，涵盖 Coinbase、Meta、亚马逊、特斯拉等 60+ 只标的。通过和 Moonshot 合作，xStocks 利用 Solana 目前最大的优势也就是热钱多 + 流动性好，试图引入一部分 ms 的用户来交易 xStocks 发行的代币化股票Solana 的官推此前还发布过针对这一系列代币化股票的案例研究，里面介绍了完整的 60+ 股票列表除了 @Solana_zh 链之外，xStocks 还上线了以太坊，有一系列进展，“链上华尔街”的愿景有了一些实感，这下我们真可以说自己是尊贵的美股交易员了先来看核心数据：- 交易量突破 6 亿美元- 链上持有人 2.5 万- AUM 规模达到 4400 万美元- 在 CEX 端，已上线 Kraken、Bybit 等平台，总成交量突破 36 亿美元xStocks 的流动性正在快速逼近真实股票市场的活跃度，虽然目前来说流动性还是不及纳斯达克，但在圈内用户来说，总体来说代币化股票同时获得 ...

Tokenized Stock Platform & Security - The industry views tokenized stock platforms as a solution to avoid high transaction volumes caused by traditional high-frequency trading and swing trading [1] - Concerns exist regarding the security of tokenized stocks, with doubts about the actual mapping of these assets [1] - Ondo's Wall Street 2.0 is considered a solution with strong asset security, given Ondo's reputation as a compliant project [1] Ondo Global Markets & Tokenized Assets - Ondo Global Markets is now live, offering a large selection of tokenized U S stocks & ETFs on Ethereum [2] - Over 100 assets are currently available, with hundreds more planned for addition [2] Ethereum Ecosystem Integration - The platform's launch on the Ethereum mainnet enhances Ethereum ecosystem applications and enriches Ondo's ecosystem [1]

Group 1: Bitcoin and Cryptocurrency Market - Global spot Bitcoin ETFs currently hold 7% of the Bitcoin supply, approximately 1.5 million BTC [1] - Bitcoin's average decline in September is about 6%, with potential ETF fund outflows or stock market sell-offs possibly pushing BTC to around $100,000 [2] - Bitcoin's market capitalization has fallen below silver, ranking it as the 8th major asset globally, with a market cap of $2.183 trillion [6] Group 2: Regulatory Developments - The Hong Kong Monetary Authority has received 77 expressions of interest for stablecoin licenses, with only a few expected to be granted in the initial phase [1] - The European Securities and Markets Authority warns that tokenized stocks may mislead retail investors regarding ownership rights [2] - South Korea plans to share cryptocurrency transaction information with 47 countries to enhance tax transparency and prevent cross-border tax evasion [7] Group 3: Company Initiatives - RAK Properties in the UAE will start accepting cryptocurrencies like Bitcoin and Ethereum for international real estate transactions [3][5] - Zhong An Smart Life is collaborating with a licensed virtual asset operating platform in Hong Kong to explore cryptocurrency asset custody and configuration [7]

Market Overview - Major U.S. stock index futures are down, with Dow futures falling by 0.20%, S&P 500 futures down by 0.22%, and Nasdaq futures decreasing by 0.31% [1] Chinese Stocks - Most Chinese stocks are up, with Alibaba increasing by 3.62%, Pinduoduo rising by 3.9%, NetEase up by 5.4%, and NIO gaining 5.3% [2] Company News - Intel shares rose by 3.1% in pre-market trading after U.S. Commerce Secretary Howard Lutnick confirmed that the U.S. government has acquired a 10% stake in the company [3] - Dr. Pepper's parent company, Keurig Dr Pepper, has agreed to acquire Dutch coffee group JDE Peet's for approximately $18 billion, aiming to revitalize its struggling coffee business. However, Keurig Dr Pepper shares fell by 3.17% [4] - Comcast, the parent company of NBC, saw its shares decline by 0.29% following former President Trump's support for the Federal Communications Commission to revoke news licenses for ABC and NBC [5] Technology Developments - SpaceX canceled its tenth Starship launch due to issues with ground systems, which include the launch pad and surrounding infrastructure [6] - Waymo, a subsidiary of Google, has received the first permit to test autonomous vehicles in New York City, marking a significant step in the city's approach to self-driving technology [7] Regulatory Concerns - The World Federation of Exchanges (WFE) has urged regulators to crack down on "tokenized stocks," which mimic traditional stocks but do not provide the same rights or trading protections. This has led to a decline in shares of cryptocurrency exchange Coinbase by 2.84% [8]

Group 1 - Major stock index futures declined, with Dow futures down 0.20%, S&P 500 futures down 0.22%, and Nasdaq futures down 0.31% [1] - Chinese concept stocks mostly rose, with Alibaba up 3.62%, Pinduoduo up 3.9%, NetEase up 5.4%, and NIO up 5.3% [1] - Intel saw a pre-market increase of 3.1% after the U.S. Secretary of Commerce confirmed that the U.S. government acquired a 10% stake in the company [1] Group 2 - PepsiCo's parent company, the PepsiCo Group, agreed to acquire Dutch coffee group JDE Peet's for approximately $18 billion, aiming to revitalize its struggling coffee business [1] - Former President Trump expressed support for the Federal Communications Commission (FCC) to revoke the news licenses of ABC and NBC, leading to a 0.29% decline in NBC's parent company, Comcast [1] - SpaceX canceled its tenth Starship launch due to issues with ground systems [1] Group 3 - The World Federation of Exchanges (WFE) urged regulators to crack down on "tokenized stocks" that mimic traditional stocks without providing the same rights or trading protections [2] - Waymo, a subsidiary of Google, received the first permit for testing autonomous vehicles in New York City, marking the city's first foray into autonomous vehicle testing [2]