Core Insights - Bitget has officially joined the Global Markets Alliance, a collaborative initiative by Ondo Finance aimed at standardizing the industry and promoting interoperability of tokenized securities [2][3] - The partnership will allow Bitget users to trade over 100 tokenized U.S. stocks, ETFs, and money market funds, expanding their investment options beyond traditional crypto assets [2][4] - Tokenization of real-world assets (RWA) is an emerging field that combines traditional finance with blockchain technology, enabling 24/7 trading, lower entry barriers, fractional ownership, and global accessibility [2][3] Company Overview - Bitget, established in 2018, is a leading cryptocurrency exchange and Web3 company serving over 120 million users across more than 150 countries [6] - The platform offers innovative trading solutions, including copy trading features, and provides real-time price information for Bitcoin, Ethereum, and other cryptocurrencies [6] - Bitget has a significant presence in the market, with over 700 tokens and a daily trading volume exceeding 3.5 billion USDT, making it the third-largest spot exchange globally [4] Industry Context - The Global Markets Alliance aims to bring together trusted infrastructure partners, exchanges, custodians, and DeFi platforms to provide borderless access to high-quality financial products [3] - The mission of the alliance is to create a more open, inclusive, and interoperable financial system driven by tokenized assets [3] - The market for tokenized stocks is expected to reach trillions of dollars in the coming years, positioning tokenization as a major driver of digital asset applications [3]

Group 1 - The Hang Seng Index opened lower by 0.11%, while the Hang Seng Tech Index decreased by 0.26% [1] - Derin Holdings opened high with a 14% increase, planning to tokenize assets valued at up to 500 million HKD [1] - Greenland Hong Kong also opened high with a 14% increase, reporting contract sales of approximately 2.972 billion CNY for the first six months [1]

Market Performance - The three major U.S. stock indices rose, with the Nasdaq and S&P 500 reaching all-time highs. The Dow Jones increased by 275.50 points (0.63%) to 44094.77 points, the Nasdaq rose by 96.27 points (0.47%) to 20369.73 points, and the S&P 500 gained 31.88 points (0.52%) to 6204.95 points. In June, the S&P 500 rose by 4.96%, the Nasdaq by 6.57%, and the Dow by 4.31% [1] - European stock indices showed mixed results, with the German DAX30 down by 85.15 points (0.35%) to 23915.12 points, while the Spanish IBEX35 rose by 41.93 points (0.30%) to 13991.93 points [1] Commodity Prices - Light crude oil futures for August delivery fell by $0.41 to $65.11 per barrel (0.63% drop), while Brent crude oil futures dropped by $0.16 to $67.61 per barrel (0.24% drop) [3] - COMEX gold futures rose by 0.93% to $3318.30 per ounce, with a cumulative increase of 5.67% in Q2. Silver futures for September increased by 0.39% to $36.315 per ounce, with a 1.09% rise in Q2 [3] Currency Exchange - The U.S. dollar index fell by 0.54% to 96.875, marking a significant decline of approximately 10.8% year-to-date, the worst performance for the first half of the year since 1973 [2] Treasury Yields - The yield on the 10-year U.S. Treasury bond decreased by 4.89 basis points to 4.2280%, with a cumulative drop of 17.24 basis points in June [4] Corporate Developments - Circle is applying to establish a national trust bank in the U.S. after achieving a valuation of nearly $18 billion through an IPO [7] - Netflix's stock reached a new high, increasing by over 1% as the company announced a partnership with NASA for live streaming projects [7] - Meta Platforms announced a major restructuring of its AI department, aiming to develop "superintelligence," which led to a new stock price high of $747.9 [8] - Apple is considering using technology from Anthropic or OpenAI to enhance Siri, while also developing its own AI models [9] - Robinhood announced the launch of tokenized stock products based on Arbitrum, expanding its crypto business [11][12]

Core Insights - Robinhood Markets Inc. is actively developing a blockchain platform aimed at enabling European investors to trade tokenized securities from the U.S. This initiative is expected to enhance Robinhood's influence in the European market and provide retail investors with a more convenient trading method [1][3]. Group 1: Blockchain Platform Development - Robinhood has recently obtained a brokerage license in Lithuania, allowing it to offer investment services across the EU. The company aims to leverage blockchain technology to provide opportunities for trading tokenized stocks [3]. - Tokenized securities refer to traditional financial assets converted into digital tokens recorded on a blockchain network. This technology is anticipated to improve trading efficiency and reduce settlement costs and infrastructure expenses. A report from the Global Financial Markets Association estimates that distributed ledger technology could save up to $20 billion annually in global clearing and settlement costs [3]. - Robinhood is in discussions with two blockchain companies, Arbitrum and Solana, to consider them as infrastructure providers for the platform. Arbitrum is a layer-two solution on the Ethereum network, while Solana is known for its fast transaction speeds and low costs. However, no formal agreements have been reached yet [3]. Group 2: Acquisition of Bitstamp - In addition to launching the blockchain platform, Robinhood has reached an agreement to acquire the well-known European cryptocurrency exchange Bitstamp in 2024. This acquisition will enable Robinhood to utilize Bitstamp's multi-lateral trading facility license to offer crypto-related derivatives and expedite the launch of its tokenized securities [4]. - Bitstamp's compliance will provide the necessary foundation for Robinhood's expansion in the European market, facilitating a quicker market entry while ensuring regulatory compliance [4]. Group 3: Market Response and Future Outlook - Following the announcement of its expansion plans, Robinhood's stock price on NASDAQ rose by 2.7%. Despite an 8.6% decline in revenue for Q1 2025, the results exceeded Wall Street expectations, indicating investor confidence in the company's future development [4]. - The initiatives by Robinhood signify a further positioning in the global financial market and reflect the growing interest in blockchain and tokenized assets within the fintech industry. As more financial institutions explore this area, Robinhood's blockchain platform may become a significant force in driving market transformation [4][5]. Group 4: Overall Implications - Overall, Robinhood's blockchain initiative and the acquisition of Bitstamp are expected to lay a solid foundation for its success in the European market, better meeting the needs of global investors while promoting the adoption of tokenized securities. The launch of this new platform is anticipated to simplify and expedite the process of investing in U.S. securities, warranting continued attention from investors [5].