Robinhood’s 24/7 tokenization push threatens NYSE revenues: Galaxy Digital

Robinhood’s 24/7 tokenization push threatens NYSE revenues: Galaxy Digital

Galaxy Digital warns Robinhood’s plan to tokenize stocks on its new chain could divert liquidity from NYSE and other major exchanges. Robinhood’s plan to tokenize stocks on its new Ethereum-compatible blockchain could shift trading volume away from traditional exchanges like the NYSE, undermining their core revenues from trading fees and market data, according to Galaxy…

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0M Ondo Catalyst fund signals ‘arms race’ for RWA tokenization

$250M Ondo Catalyst fund signals ‘arms race’ for RWA tokenization

Ondo Finance and Pantera Capital are launching a $250 million fund to fuel tokenized real-world asset projects. DeFi protocol Ondo Finance and venture firm Pantera Capital plan to ramp up investments in real-world assets (RWAs), highlighting the industry’s increasing focus on tokenization amid favorable regulatory developments in the United States. Both companies informed Axios that…

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OpenAI says Robinhood tokens are not equity in the company

OpenAI says Robinhood tokens are not equity in the company

The platform’s OpenAI private equity tokens were disavowed by the company, prompting OpenAI co-founder, Elon Musk, to call the AI firm “fake.” OpenAI issued a statement on Wednesday clarifying that OpenAI tokens distributed to European Union users by the trading platform Robinhood do not represent equity in the company. “We are not involved in this…

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Hong Kong reveals new stablecoin rules and tokenized bond plans

Hong Kong reveals new stablecoin rules and tokenized bond plans

Hong Kong updated its digital asset strategy regarding stablecoin licensing and tokenization of real-world assets by introducing its LEAP framework for market growth. Hong Kong’s latest digital asset blueprint places stablecoin regulation and asset tokenization at the heart of its strategy to become a global crypto and fintech hub. The policy statement, issued on Thursday,…

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DeFi Development Corp stock to go onchain via Kraken

DeFi Development Corp stock to go onchain via Kraken

The company’s CEO described the stock tokenization as a “DeFi Lego block,” suggesting it serves as a foundational piece for decentralized finance adoption. DeFi Development Corp., a Solana treasury company formerly known as Janover, announced plans to tokenize its shares through a partnership with crypto exchange Kraken. According to a Monday announcement, the company will…

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Deribit, Crypto.com integrate BlackRock's BUIDL as trading collateral

Deribit, Crypto.com integrate BlackRock's BUIDL as trading collateral

The move will lower collateral requirements to access leverage for crypto trading due to the relatively stable value of US government debt. Crypto derivatives exchange Deribit and spot exchange Crypto.com are accepting BlackRock’s tokenized US Treasury fund as trading collateral for institutional and experienced clients. The move will allow institutional traders to use a low-volatility,…

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