14/ From treasuries to credit, and now equities.Tokenized equities are the next step in bringing real-world financial markets onchain.With ~$100T in global equity value, the long-term opportunity to anchor these assets on Ethereum is hard to overstate. ...

We’re excited to launch Chainlink Data Streams for U.S. equities & ETFs—real-time, low-latency data to power the next generation of tokenized RWA markets.https://t.co/jJ26q46eYtThese new Data Streams are being adopted by top DeFi protocols, including @GMX_IO, @KaminoFinance, & @GMX_SOL.With this update, Data Streams is now delivering robust pricing for major U.S. equities and ETFs—including SPY, CRCL, QQQ, NVDA, AAPL, MSFT, and more—with additional markets and asset classes coming soon. These Data Streams a ...

⚡ INSIGHT: The controversy over Robinhood's OpenAI private stock tokens is only the beginning of a wider legal battle over tokenized equities.Via Cointelegraph Magazine https://t.co/ftrpYe8fbP ...

Industry Resistance - Tokenized equities are facing resistance from Citadel Securities [1] - Citadel Securities expressed its concerns in a letter to the SEC [1]

RT paulgrewal.eth (@iampaulgrewal)Tokenized equities are going to be everywhere. Today they even found their way to page 83 of Figma's revised S-1. https://t.co/HVDHBP3YBt ...

Overview - Tokenized equities (xStocks) can integrate with DeFi, including lending protocols and P2P trading [2] - xStocks function similarly to cryptocurrencies [1] Regulatory and Geographic Restrictions - xStocks are unavailable in the U S or to U S persons due to geo restrictions [3]

Core Insights - Robinhood Markets, Inc. is under investigation by Lithuania's central bank regarding its newly launched tokenized equity products [1] - The scrutiny follows Robinhood's launch of its Stock Tokens product in the EU, which offers blockchain-based access to shares, including private firms [2] - Lithuania is now Robinhood's primary EU regulator after granting it a brokerage and crypto asset license [2] Regulatory Concerns - The Bank of Lithuania has requested clarifications from Robinhood about the structure of OpenAI and SpaceX stock tokens and related consumer communication [3] - Robinhood defends its tokenized products by stating they are backed by ownership interests for indirect exposure to private markets, but regulators are concerned about transparency and legality [3][7] - Robinhood's expansion into tokenized equities in the EU is expected to face a challenging compliance review, which may have broader regulatory implications [4] Historical Regulatory Issues - Robinhood has faced significant regulatory scrutiny, resulting in fines and restrictions, including a $26 million settlement with FINRA in March 2025 for failing to address misconduct red flags [5] - In January 2025, the company paid a $45 million fine for violating multiple securities law provisions, and in September 2024, it faced a $3.9 million penalty for crypto withdrawal failures [6] - Despite these challenges, Robinhood's shares have increased by 150.8%, significantly outperforming the industry's 21.1% growth this year [6]

Regulatory Scrutiny - Robinhood is in discussions with regulators regarding its tokenized equities offering in Europe [1] - The launch of tokenized equities faced criticism from companies like OpenAI [1]

Industry Focus - Tokenized equities are emerging [1] - Onchain IPOs are being explored [1]

Core Viewpoint - Gemini has launched its first tokenized U.S. stock, MicroStrategy (Nasdaq: MSTR), in partnership with Dinari, marking a significant step in offering tokenized equities to European customers [2][3]. Group 1: Product Launch and Features - The tokenized equity offering allows Gemini users to trade fully backed MicroStrategy dSharesTM alongside cryptocurrencies, enhancing the trading experience with traditional market liquidity and transparent pricing [4]. - The rollout of this offering began for European customers and is expected to expand to additional regions, including the United States, in the coming months [5]. Group 2: Company Background and Strategy - Gemini has a history of introducing regulated, first-to-market products, including insured custody and SOC-certified exchanges, and aims to layer real-world stocks onto its existing platform that supports over 80 digital assets and safeguards approximately $8 billion in customer holdings [3]. - Dinari Inc. is recognized as the largest provider of tokenized U.S. public securities, enabling seamless access to U.S. public markets through its compliance-first, blockchain-based tokenization technology [8][9]. Group 3: Leadership and Vision - The partnership between Gemini and Dinari reflects a shared commitment to compliance and innovation, with both companies emphasizing a security-first approach to accessing real-world financial markets on-chain [6][7]. - Dinari has raised $22.65 million from notable investors, positioning itself as a key player in the tokenization of financial assets [10].