Does it matter if the stock you buy comes in the form of a token on a blockchain? We could soon find out as the Securities and Exchange Commission is reportedly moving forward on a plan to let companies offer stock trading “on chain.” The plan would be a boon to firms like Coinbase and Robinhood, which are raring to expand their crypto offerings, but could also pose a risk to investors, according to major financial companies like Citadel Securities, which are demanding the agency slow-roll the plan. Accor ...

Key Points Solana is seeing capital flock to its chain to invest in its ecosystem. Tokenized stocks are a particularly appealing asset class on the chain. Ethereum's capital base is much larger, but it isn't growing as quickly. 10 stocks we like better than Solana › By some measures, Solana (CRYPTO: SOL) is currently moving at a sprint, while its larger rival Ethereum (CRYPTO: ETH) is merely trotting along. Will Solana's momentum close the gap and lead to an equilibrium with both assets at rough ...

Group 1: Bitcoin Act Advocacy - The Bitcoin Act, introduced by Senator Cynthia Lumis and Representative Nick Begich, aims to codify a strategic Bitcoin reserve established by an executive order from President Trump [3][4] - The advocacy for the Bitcoin Act is seen as crucial for establishing a long-term legal framework for Bitcoin, contrasting with the temporary nature of executive orders [4][5] - The proposed legislation includes plans to purchase 1 million bitcoins over the next five years and hold them for at least 20 years, potentially impacting the federal deficit positively [10] Group 2: Legislative Developments - Recent legislative advancements include the passing of the Clarity Act in the House, with hopes for a Senate version to be passed by the end of the year [13][18] - The Genius Act, which regulates stablecoins, represents a significant step forward in crypto regulation in the U.S., encouraging companies to establish U.S. operations [15][17] - The SEC has approved changes to listing standards for crypto-focused exchange-traded products, which is expected to streamline the process for bringing new products to market [22][23] Group 3: Market Opportunities and Innovations - The industry is witnessing a growing demand for tokenized stocks, with a focus currently in Europe but anticipated to expand to the U.S. [26][27] - The number of crypto assets available on platforms has increased significantly, from three to 111, reflecting a robust growth in offerings [29] - Upcoming features such as staking are expected to enhance customer engagement and investment options [30]

Core Viewpoint - The tokenization of real-world assets is rapidly advancing and is projected to grow significantly, with the market cap for these assets expected to rise from $600 billion this year to approximately $19 trillion by 2033 [4]. Group 1: Tokenization Overview - Tokenization refers to the issuance of stocks on blockchain technology, similar to that used in cryptocurrencies [1]. - Major platforms like Robinhood and Gemini are beginning to offer tokenized stocks in the EU, indicating a shift towards blockchain-based financial products [2]. Group 2: Market Dynamics - The NASDAQ has sought permission from the SEC to offer tokenized securities, aiming to keep pace with competitors like Coinbase and Kraken [3]. - The transition to blockchain is seen as essential for the future of the financial infrastructure, with industry insiders predicting a complete migration of financial markets to this technology [3][7]. Group 3: Benefits of Tokenized Assets - Tokenized equities offer advantages such as easier trading, faster settlement times, and the ability to split assets into smaller pieces, making them more accessible to a broader range of investors [4][5]. - These assets can be accessed globally and utilized as collateral, enhancing liquidity and flexibility in trading [5]. Group 4: Future Outlook and Challenges - The goal is for major companies like Tesla and Amazon to issue their shares on blockchain, streamlining trading processes [6]. - However, challenges remain, including the need to overhaul existing settlement and clearing processes, which currently take several days [7].

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Core Insights - Exodus Movement, a crypto software firm, has experienced a nearly 10% increase in its shares over the past month, outperforming the broader market [1][6] - The company's stock, trading under the ticker EXOD on the NYSE American, closed at $29.26 on September 19, reflecting a 3.61% daily increase from the previous day [2][6] Company Developments - Exodus was the first U.S.-listed company to tokenize its common stock in 2021, issuing digital representations of its Class A shares on the Algorand blockchain [4][6] - In August, Exodus partnered with fintech startup Superstate to expand its tokenization efforts, planning to launch stock tokens on multiple major blockchains, starting with Solana [5][4] Industry Trends - The trend of tokenized stocks is gaining traction among fintech companies, with other firms like Galaxy also offering similar options [7][6] - Despite the growing interest in tokenized stocks, regulatory frameworks in the U.S. are lagging behind the adoption of these financial innovations [7][8]

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Group 1: Altvest Capital's Bitcoin Initiative - Altvest Capital plans to raise $210 million to establish a Bitcoin reserve treasury for its investors, following global trends set by companies like MicroStrategy and MetaPlanet [1][4] - The company aims to change its name to African Bitcoin Corp and position itself as a leader in Bitcoin investments across the continent [5][6] - CEO Warren Wheatley highlighted that traditional investment vehicles like pension funds cannot directly buy Bitcoin, but can gain exposure through Altvest's shares in a regulated manner [5] Group 2: Binance's Expansion in Africa - Binance has partnered with Zapper to enhance merchant payments in South Africa, allowing over 30,000 additional merchants to accept Binance Pay [2] - This partnership is part of Binance's strategy to expand its presence in the African market, which is crucial for its growth [2] Group 3: Luno Exchange's Tokenized Stocks - Luno Exchange has expanded its tokenized stock options to Nigeria, following a successful launch in South Africa [7] - The tokenized stocks include leading global companies like Tesla and Nvidia, addressing the need for easier investment access for individuals [8] - Luno Nigeria's CEO emphasized that this initiative allows people to invest in top global companies without the barriers of high costs and complex procedures [8]

NASDAQ Developments - NASDAQ has requested the SEC to allow trading of clearly labeled equivalent rights tokenized shares as traditional stocks, marking a significant move to integrate blockchain technology into US equity markets [2][3] - Tokenized securities are digital representations of stocks that can enhance liquidity, support fractional ownership, and provide access to overseas investors [3] - The proposal seeks to amend existing rules to permit tokenized stocks to be traded similarly to traditional equities, addressing fundamental questions about stock issuance, definition, and settlement [4][5] Gemini Partnership - NASDAQ has become a strategic investor in Gemini Space Station, a cryptocurrency exchange founded by the Winklevoss twins, as it prepares for an IPO [6][7] - Gemini holds approximately $20 billion in assets and has processed nearly $300 billion in lifetime trading volume, offering various digital asset services [8] - The firm aims to raise around $300 million in its IPO, with NASDAQ investing $50 million in a private placement, enhancing access to Gemini's services for NASDAQ clients [9] CBOE Innovations - CBOE plans to launch continuous Bitcoin and Ether futures contracts later this year, pending regulatory review [10] - These contracts will have 10-year expirations, cash-settled, and aligned to real-time spot market prices, simplifying position management and reducing costs associated with periodic rolling [11] - The new products are expected to attract both retail and institutional traders, offering substantial advantages for long-term crypto exposure [12][13]

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