Robinhood is validating the @arbitrum app-to-chain model.Tokenized securities on Arbitrum One have reached $8.9M, with 71.2% in stocks and 22.5% in ETFs.Patryk (@Solofunk):The market cap of @RobinhoodApp tokenized securities on Arbitrum One is $8.9M.71.2% is in stocks like $GOOGL, $BMNR, and $HOOD, and 22.5% is in ETFs like $VOO.In Phase 2, Robinhood will follow the app-to-chain model and launch an @arbitrum chain, settling on @ethereum. https://t.co/0F2fXULS8I ...

Core Insights - Nasdaq CEO Adena Friedman believes blockchain will transform the traditional financial system by enhancing post-trade infrastructure, improving collateral mobility, and facilitating faster payments [1][3]. Group 1: Post-Trade Infrastructure - The current post-trade processes are fragmented and rely on outdated infrastructure, which creates unnecessary friction and ties up capital [2][4]. - Blockchain technology has the potential to unify and streamline these workflows, reducing inefficiencies and accelerating financial activities [2][4]. Group 2: Collateral Management - Digital assets can enhance the movement and management of collateral, allowing for quicker transfers across platforms and borders [3]. - Friedman emphasizes the importance of creating a collateral mobility effort to free up significant amounts of capital [3]. Group 3: Payment Systems - The existing payment infrastructure is seen as a bottleneck that hinders capital flow [4]. - Improving or rebuilding payment systems using blockchain could unlock substantial capital currently trapped in outdated processes, facilitating easier fund movement across various platforms and asset classes [4]. Group 4: Nasdaq's Initiatives - Nasdaq has initiated steps towards integrating blockchain by filing with the U.S. Securities and Exchange Commission to support trading of tokenized securities [5]. - The proposed framework allows for tokenized settlement, enabling trades to be routed for delivery into digital wallets while maintaining the existing securities structure [5].

Core Insights - Coinbase has acquired investment platform Echo for nearly $375 million in a cash-and-stock deal, aiming to enhance fundraising tools on its platform [2][3] - The digital assets industry is experiencing increased deal-making activity, supported by a crypto-friendly administration in the U.S. [2] - Echo's platform facilitates capital raising and investment for the crypto community through private and public token sales [3][4] Company Developments - Coinbase plans to initially focus on crypto token sales via Echo's Sonar platform, with future plans to support tokenized securities and real-world assets [4] - Echo, founded by crypto trader Jordan Fish (known as "Cobie"), has assisted crypto projects in raising over $200 million since its inception two years ago [4] - In May, Coinbase completed a $2.9 billion acquisition of crypto options provider Deribit, enhancing its derivatives portfolio and international presence [5] Industry Trends - The acquisition of Echo aligns with a broader trend of increasing mergers and acquisitions within the cryptocurrency sector as companies seek to expand their offerings [2][3] - Kraken's recent $100 million acquisition of Small Exchange indicates a growing interest in establishing U.S.-based derivatives platforms [3]

Core Viewpoint - Ondo Finance is advocating for the U.S. SEC to postpone a proposed Nasdaq rule change that would permit trading of tokenized securities due to concerns over transparency and fair market access [1][4]. Group 1: Nasdaq's Proposed Rule Change - Nasdaq plans to amend its rules to facilitate tokenized asset trading, with expectations that the Depository Trust Company (DTC) will manage post-trade settlement for these tokens, although specific details remain unclear [2][3]. - Ondo Finance highlights that the lack of direct evidence regarding DTC's process for settling tokenized securities undermines the SEC's ability to assess the rule change's compliance with the Securities Exchange Act of 1934 [3]. Group 2: Concerns Raised by Ondo Finance - Ondo argues that the current situation creates an information imbalance, favoring larger, established firms over smaller or newer companies that lack necessary data to adapt to market changes [3][4]. - The company expresses willingness to support Nasdaq's initiative if DTC publicly discloses its settlement process, but is currently requesting a formal SEC review that could result in disapproval of the proposed rule [4].

Core Insights - ARK Invest has acquired a stake in Securitize, a leading platform for tokenization, indicating a strategic move into the tokenization space [1][2][5] - The investment aims to enhance institutional adoption of tokenized securities and improve capital markets infrastructure [5][6] - Tokenization is seen as a transformative process for capital markets, allowing for fractional ownership and 24/7 trading of assets [3][6] Company Summary - ARK Invest's ARK Venture Fund (ARKVX) holds 3.25% of its assets in Securitize, amounting to an estimated investment of approximately $10 million [1] - Securitize has tokenized over $4 billion in securities, positioning itself as a leader in the real-world asset tokenization market [2][4] - Prior to ARK Invest, Securitize attracted investments from major institutional players such as BlackRock and Morgan Stanley, highlighting its credibility in the market [4] Industry Summary - The tokenization process allows for the digital representation of assets, making them more accessible and enabling fractional ownership [3] - The investment by ARK Invest reflects a growing belief among institutional investors that tokenization will significantly change capital markets [6] - Securitize's co-founder emphasized that tokenization has reached a critical point, with major asset managers beginning to bring funds and equities on-chain [5]

The U.S. Securities and Exchange Commission (SEC) is reportedly developing a plan to allow stocks to trade like crypto on the blockchain, treating shares of companies like Apple, Tesla, and Nvidia as digital tokens similar to how cryptocurrencies operate. While the initiative has gained support from crypto exchanges and fintech platforms, it faces pushback from traditional financial institutions that profit from the existing market structure. According to a report by The Information, the SEC is already c ...

Group 1: Conference Overview - An exclusive conference, CfC St. Moritz, will take place from January 14-16, 2026, in the Swiss Alps, featuring prominent figures from both crypto and traditional finance [1][2] - The event will host 250 participants to facilitate private discussions on the future of the industry [2] Group 2: Integration of Crypto and Traditional Finance - The conference underscores the growing integration of digital assets into mainstream finance, with Franklin Templeton launching one of the first spot Bitcoin ETFs and forming a partnership with Binance for new digital asset offerings [3] - Brevan Howard Digital has appointed a new CIO to oversee its digital asset funds, which have nearly doubled their Bitcoin ETF holdings [4] - Nasdaq has filed a proposal to enable tokenized securities trading, indicating a shift in market infrastructure [4] Group 3: Regulatory Landscape - Regulation is a central topic as the industry matures, with the inclusion of Peter Kerstens from the European Commission highlighting the EU's implementation of the Markets in Crypto-Assets (MiCA) framework [5] - Exchanges like Gemini are securing MiCA licenses to expand services, reflecting the industry's adaptation to complex global regulations [5] Group 4: Company-Specific Developments - Under CEO Richard Teng, Binance is navigating a complex regulatory landscape, securing key licenses in Europe but lacking a comprehensive MiCA passport for EU-wide operations [6][7] - Kraken has seen a positive development in the U.S. after the SEC dropped its lawsuit, providing greater operational clarity for the company [8]

Core Insights - The London Stock Exchange Group (LSEG) has launched its blockchain-based Digital Markets Infrastructure (DMI) platform, completing its first live transaction on September 15 with MembersCap raising capital for its tokenised MCM Fund 1 [1][2] - The DMI platform, developed in partnership with Microsoft, aims to manage the entire lifecycle of investments on blockchain, initially focusing on private funds but with plans to expand to other asset classes [2] - The tokenization sector is gaining traction in the UK, with significant attention from regulators and institutional investors due to benefits like faster settlement and improved liquidity [3][4] Company Developments - LSEG's DMI platform is designed to enhance efficiency and transparency in private market transactions through blockchain technology [2] - The platform's first transaction involved Archax acting as a nominee for MembersCap, indicating early adoption and operational capability [1] Industry Trends - The UK tokenization market generated approximately $284 million in revenue in 2024 and is projected to reach about $929 million by 2030, reflecting a compound annual growth rate (CAGR) of roughly 18.4% [5] - The Financial Conduct Authority (FCA) has integrated fund tokenization into its pro-growth strategy, demonstrating strong regulatory support for the sector [5] - Challenges remain in regulation, valuation, and market structure, but the UK is positioning itself as a hub for these developments [4]

Group 1: Prop Firms in India - Prop firms in India are utilizing "education" branding to attract clients while avoiding banned terms like forex and CFDs [1][2] - Approximately 40% of organic website traffic for the top 50 prop firms comes from India, with significant increases in local interest for "prop firm" and "prop trading" since 2023 [2] Group 2: Regulatory Changes in Europe - The Cyprus Securities and Exchange Commission (CySEC) has imposed tighter leverage limits for CFDs, capping it at 10:1 for non-major commodity and index CFDs [3] - Brokers in Europe are adjusting their offerings and compliance setups in response to these new regulations [3] Group 3: Capital.com Performance - Capital.com reported that the Middle East and North Africa (MENA) region accounted for 52% of its trading volume in H1 2025, with UAE traders contributing nearly three-quarters of MENA's total [5] - The broker processed $804.1 billion in trading volume across the region, marking a 53.3% increase from the previous six months [5] Group 4: ATC Brokers Financial Results - ATC Brokers experienced a 125% increase in revenue to £12.7 million for the year ending April 30, 2025, with operating profit doubling to £1.87 million [6] - Commissions and brokerage income rose significantly, contributing £7.84 million and £4.8 million respectively, reflecting increases of 151% and 100% from the previous year [6] Group 5: Revolut's Market Position in Poland - Revolut has surpassed 34 traditional Polish brokerage firms to become the second-largest player in Poland's retail trading market, although it still trails behind XTB [7] - XTB held nearly 615,000 Polish market accounts, while Revolut reported 590,000 investment accounts as of the end of August [7] Group 6: Capital Index UK Financial Performance - Capital Index (UK) Limited narrowed its annual losses for 2024 to £18,000, a significant improvement from the previous year's larger deficit [9] - The company reported a pre-tax profit of £23,678 for the year ended December 31, 2024, a turnaround from a pre-tax loss of £207,006 in 2023 [9] Group 7: Crypto Derivatives Market - Derivatives trading has become the leading driver in crypto markets, with volumes now surpassing spot markets [10] - A webinar hosted by Shift Markets will focus on the rise of crypto derivatives and their impact on digital asset trading [10] Group 8: Kraken's Acquisition - Kraken has acquired Breakout, a crypto-native proprietary trading firm, marking the first integration of a prop trading arm into a major exchange [11] Group 9: Retail Investor Sentiment - Retail investors in the US are showing renewed optimism, with 38% believing the US offers the strongest long-term return potential according to eToro's latest survey [13] Group 10: CFTC Considerations - The Commodity Futures Trading Commission (CFTC) is considering allowing trading platforms licensed under Europe's MiCA framework to operate in the US markets [14] Group 11: FCA Charges - The Financial Conduct Authority (FCA) has charged three UK-based finfluencers for promoting high-risk CFDs without proper authorization [15][16] Group 12: Robinhood's New Platform - Robinhood announced plans for a new social trading platform that allows users to share live positions and trading performance, aiming to compete with Reddit's WallStreetBets community [17][18] Group 13: Nasdaq's Proposal - Nasdaq has filed a proposal with the SEC to introduce tokenized securities, aiming to combine digital assets with the established infrastructure of US equity markets [19] Group 14: Oracle's Stock Surge - Oracle's ambitious cloud revenue forecast has led to a significant increase in its stock price, impacting founder Larry Ellison's net worth [20] Group 15: Tesla's Pay Package for Elon Musk - Tesla has proposed a pay package for Elon Musk that could be worth nearly $1 trillion over the next decade, potentially making him the first trillionaire [21]