Key Takeaways Coinbase is expanding into payments, prediction markets and tokenized assets to diversify revenues.The Base network and stablecoins are central to COIN's push for real-world crypto adoption and lower costs.COIN's 10 acquisitions in 2026, including The Clearing Company, aim to boost its reach in prediction markets.Increased volatility, supportive U.S. economic policies under President Donald Trump, higher acceptance of digital assets, continued efforts of the exchange players to go beyond only ...

中金发布研报称，基本维持香港交易所(00388)25e/26e盈利不变，引入27年盈利179亿港币。当前交易于 33x/31x26e/27e P/E，维持目标价500港币不变、对应37x/35x26e/27e P/E及12.6%的上行空间;维持跑赢行 业评级。 港交所计划于2月26日披露4Q25业绩：该行预计4Q25收入同比+4%/环比-15%至66.1亿港币，剔除投资 收益后主营业务收入同比+13%/环比-13%至58.1亿港币，盈利同比-1%/环比-24%至37.3亿港币;预计全年 总收入同比+27%至284.6亿港币，盈利同比+31%至171.5亿港币。 4Q移动平均6M/1M/隔夜拆借HIBOR分别环比-0.26ppt/+1.17ppt/+1.16ppt，长端收益利率下滑而短端成本 利率回升下保证金息差或有所收窄，同时4Q起港交所调整保证金利息返利政策、带动资金成本有所提 升，叠加港交所衍生品保证金要求环比下降，或带动保证金投资收益下行。 关注港股beta的同时、更聚焦"资产+资金"双重共振下的中长期配置价值 中金主要观点如下： 年初以来港股ADT达2,676亿港币、较25年全年+7%，该行测算若20 ...

NEW YORK, Jan. 27, 2026 (GLOBE NEWSWIRE) -- At the end of the settlement date of January 15, 2026, short interest in 3,515 Nasdaq Global MarketSM securities totaled 15,349,969,813 shares compared with 15,183,396,236 shares in 3,498 Global Market issues reported for the prior settlement date of December 31, 2025. The mid-January short interest represents 2.88 days compared with 2.83 days for the prior reporting period. Short interest in 1,669 securities on The Nasdaq Capital MarketSM totaled 3,478,325,627 sh ...

Singapore Exchange Limited (SGX: S66), or SGX, last closed at S$17.50. Shares have been up about 43% over the last year, after a prolonged stagnation.The rally is due to solid fundamentals with increased trading volumes, new initial-public-offerings (IPOs) and encouraging policy support.Thinking about adding this blue-chip to your portfolio for the first time? Let’s dive into the facts and see if now is the right time for you to buy.Why SGX Attracts Long-Term Income InvestorsSGX has been a long-term dividen ...

Core Insights - Cboe Global Markets announced the appointments of Scott Johnston as Executive Vice President, Chief Operating Officer, and Heidi Fischer as Executive Vice President, Global Head of Equities and Spot Markets, effective in 2026 [1][9] Leadership Changes - Scott Johnston will replace Chris Isaacson, who is retiring on March 6, 2026, and will serve as an advisor until the end of 2026 to ensure a smooth transition [2][9] - Heidi Fischer will take over oversight of Cboe's global cash equities and spot markets, previously managed by Isaacson [2] - Alex Dalley has been promoted to Senior Vice President, overseeing Cboe's European Equities business, pending regulatory approval [3] - Jon Weinberg will expand his role to oversee Cboe's global FX and off-exchange trading business lines [4] Strategic Initiatives - Cboe is implementing a regional office leadership structure to enhance its globalization strategy, with key leaders assigned to various locations including Kansas City, New York, London, and Amsterdam [5] - Johnston will focus on day-to-day operations, market operations, infrastructure, and clearing teams, collaborating with Tim Lipscomb, Chief Technology Officer, to drive innovation and operational capabilities [6][10] - Fischer aims to enhance client engagement and product development for both on-exchange and off-exchange solutions [7] Executive Statements - Craig Donohue, CEO of Cboe, expressed confidence in the new leadership team, highlighting their industry experience and strategic vision [6] - Johnston expressed enthusiasm for joining Cboe and aims to leverage his experience to scale the business and enhance operational performance [7] - Fischer emphasized the exceptional momentum at Cboe and her commitment to expanding the company's global footprint and strengthening client relationships [8]

Core Viewpoint - The launch of the Global X Tokenization Ecosystem Index ETF (TOKN) aims to provide investors with exposure to companies involved in the development and adoption of tokenized financial infrastructure, reflecting a significant shift in financial technology towards tokenization and stablecoins [1][4]. Group 1: Tokenization Ecosystem - Tokenization represents real-world assets, rights, or data as digital tokens on blockchain networks, applicable across various sectors including financial instruments [2]. - The tokenization ecosystem includes financial institutions and technology companies that facilitate the adoption of tokens and stablecoins, driven by demand for faster settlement and greater transparency [3]. - Tokenized assets and stablecoins currently represent hundreds of billions of dollars in market value, indicating a foundational shift in global financial infrastructure [3]. Group 2: ETF Details - TOKN seeks to replicate the performance of an index focused on companies deriving economic benefits from the tokenized asset market, including stablecoin issuers and infrastructure providers [5]. - The ETF trades on the Toronto Stock Exchange under the ticker symbol TOKN, with a management fee of 0.49% [6]. - Eligible securities within the index are categorized into four themes: Token Distributors, Asset Tokenizers, Stablecoin Issuers, and Infrastructure providers, ensuring comprehensive exposure to the tokenization market [6]. Group 3: Market Applications - The tokenization of U.S. Treasury securities exemplifies practical applications of tokenization, with nearly US$10 billion issued on-chain, highlighting significant growth potential in tokenized fixed-income assets [8]. - The early adoption of tokenized U.S. Treasuries indicates the technology's relevance beyond cryptocurrencies, suggesting a lasting impact on the future of finance [9]. Group 4: Company Overview - Global X Investments Canada Inc. manages over $48 billion in assets and offers a diverse range of ETFs, positioning itself as a key player in the Canadian financial services market [10]. - As a subsidiary of Mirae Asset Financial Group, Global X benefits from a global asset management network exceeding $1 trillion [10].

Core Viewpoint - The London Stock Exchange Group (LSEG) is transitioning from a traditional exchange to a diversified global financial market infrastructure and data services company, with a strong focus on data and analytics, which now accounts for approximately 50% of its £9 billion revenue [4][7]. Group 1: Transformation and Strategy - LSEG's CEO, David Schwimmer, emphasizes the importance of AI as a revolutionary opportunity for the financial industry, planning to integrate AI through three core strategies: enhancing product offerings, adapting data for AI compatibility, and implementing an "intelligent enterprise" strategy [4][11]. - The company has significantly increased its investment in private markets, launching the PISCES system to facilitate trading of private company equity, reflecting a shift in focus from public market IPOs to private capital [4][14][15]. Group 2: Market Insights and Growth - LSEG's team in China has grown to approximately 1,200 employees, actively engaging in data services, indices, and foreign exchange trading, with a positive outlook on the Chinese market due to improved geopolitical stability and market activity [5][6]. - The company is closely monitoring China's financial market reforms, such as the introduction of the Futures and Derivatives Law, which enhances the attractiveness of China's derivatives market to international participants [5][6]. Group 3: Revenue Structure and Business Model - LSEG's revenue structure is diversified, with 50% from data and analytics, 30% from trading and clearing services, and 20% from indices and risk insight services, indicating a departure from traditional exchange operations [7][8]. - The company aims to provide comprehensive services across the trading lifecycle, integrating market infrastructure with data and analytics to enhance client offerings [9][10]. Group 4: AI Integration and Competitive Advantage - LSEG is leveraging its data resources and partnerships with AI model providers to enhance its service offerings, allowing clients to access data through their preferred AI models [11][12]. - The integration of AI is seen as a unique advantage, enabling LSEG to reach traditional and new clients through innovative channels [13]. Group 5: Private Market Focus and PISCES System - The PISCES system allows private companies to trade equity while maintaining confidentiality and minimizing disclosure obligations, catering to the needs of firms that wish to protect sensitive information [15][17]. - This system is designed to facilitate flexible trading windows, enabling companies to connect with global institutional investors without the need for prior buyer identification [16][17].

黄金现在火到什么程度？火到交易所开始重新理解"避险"这两个字。 当全球宏观变量反复摇摆，资金在找一个"不会突然归零、也不靠叙事续命"的锚，黄金这种几百年验证过的资产，又一次被选中了。 不过这次，黄金不再只是银行柜台和ETF里的东西，而是被直接搬进了交易所体系，开始参与到更高频、更复杂的交易结构中。 把黄金数字化，并不是新鲜事。 从纸黄金、账户黄金到 ETF，黄金早已脱离了必须实物交割的形态。但过去这些产品有一个共同点，它们都运行在传统金融体系内部，结算路径长、跨境 效率低，也无法进入加密资产的交易逻辑。 第二，资产边界在消失。 TradFi 和 Crypto 的隔离墙正在被拆掉。当用户已经习惯用 USDT、保证金、永续逻辑去理解世界时，把黄金做成可交易、可频繁参与的资产，反而顺理成 章。 第三，黄金是最容易被共识理解的资产。 不需要教育、不需要白皮书、不需要解释通缩模型。你跟任何一个用户说黄金，他都知道你在说什么。 而现在，随着链上黄金、合成资产、以及 TradFi 接口被引入交易所账户体系，黄金第一次具备了新的属性，可拆分、可频繁交易、可与加密资产共用保证 金，甚至可以被程序化调用。 这不只是把黄金放到链上 ...

Tokenization uses blockchain technology that powers cryptocurrencies to create digital tokens as stand-ins for things like stocks, bonds, real estate or even fractional ownership of a piece of art that can be traded like crypto by virtually anyone, anywhere at any time. Stablecoins, which are a type of cryptocurrency typically bought and sold for US$1, have helped fuel the appetite to tokenize other financial assets.Assuming it meets regulatory scrutiny, the platform would power a new NYSE venue that would ...

With SGX and Nasdaq (NASDAQ: NDAQ) teaming up to launch a Global Listing Board, Singapore’s markets are poised to receive a structural boost.This framework allows Asian companies with at least S$2 billion in market capitalisation to tap US liquidity without the usual regulatory hurdles. It’s a big deal – not just for firms raising capital, but for investors hunting for quality stocks.Here are three Singapore dividend stocks that could benefit from this new cross-border arrangement.Singapore Exchange or SGX ...