According to a draft recommendation from the SEC Investor Advisory Committee’s (IAC) Market Structure Subcommittee, regulators should not grant a blanket innovation exemption for the tokenization of equities. Instead, reforms should proceed through limited exemptions or rule-by-rule regulatory adjustments while maintaining core investor protections, including clear disclosure of investor rights, continued oversight of intermediaries by the SEC and FINRA, and ensuring that trading adheres to the best-executi ...

Core Insights - Nasdaq is hosting its Investor Day to outline its growth strategy and engage with investors [1] - The company has raised its medium-term Solutions revenue outlook from 8-11% to 9-12%, driven by strong performance in Capital Access Platforms and Financial Technology divisions [2][5] - Nasdaq is committed to enhancing its AI capabilities and has set a target for an AI productivity program aimed at achieving $100 million in expense efficiency by 2027 [5][8] Financial Outlook - The medium-term financial outlook includes a stable market backdrop and reaffirms the 2026 non-GAAP operating expense guidance of $2.455 billion to $2.535 billion [7] - Capital Access Platforms revenue growth is now projected at 6-10%, up from 5-8%, while Financial Technology revenue growth is expected to be 10-14% [12] Strategic Priorities - Nasdaq aims to expand its client and geographic reach, particularly in its Listings and Index businesses, which have significant growth potential [4] - The company is focusing on AI-enabled innovation to enhance client outcomes and operational efficiency [4][6] - Nasdaq plans to modernize market infrastructure with initiatives like Always-On markets and the tokenization of equities, pending regulatory approval [4]

Key Points Some positive developments around the tokenization of equities within the Solana ecosystem were far outweighed by negative news this past week. Ramped up rhetoric around a new U.S. position on Greenland and potential European tariffs drove equities and digital assets lower. A class action lawsuit launched against Solana and some of the network's core entities has also spurred investor concern. 10 stocks we like better than Solana › The one-week stock chart for Solana (CRYPTO: SOL) is ...