Tokenized stocks risk repeating Wall Street’s 1960s ‘paper crisis,’ Fairmint CEO says
Fairmint CEO Joris Delanoue warns tokenized stocks risk recreating Wall Street’s 1960s paper crisis through fragmented systems and standards.
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SEC to again delay ‘innovation exemption’ for tokenization amid Wall Street, White House concerns
The source also said SEC staff have become increasingly focused on the agency’s legal authority to issue such broad relief, including whether it has completed sufficient economic analysis and followed the procedural steps required to justify an exemption. Industry insiders have been instructed that this… Read More
New XRP Ledger proposals target $530 million in tokenized Wall Street assets
There is already money on the chain for the feature to serve. Onchain data aggregator RWA.xyz tracks about $1.38 billion of distributed real-world assets on XRPL, including $845.7 million of RLUSD. Ondo accounts for another $212.6 million, followed by VERT Capital at $116.1 million and… Read More
Here’s which Wall Street giants have backed the Clarity Act
“I’m very supportive of moving the CLARITY Act forward, so we can get some market structure in place and start to move the innovation process along,” Solomon said. SoFi CEO Anthony Noto welcomed Goldman Sachs’ support, noting on X that the two firms have taken… Read More
Crypto is rewriting how Wall Street traders spend their weekends
By Friday afternoon, the mood on commodity trading desks changes. For the first four days of the week, traders have been trying to profit from their bets. By lunch on Friday, however, they’re thinking about how much risk they can tolerate until markets reopen on… Read More
DTCC moves tokenized securities into live trading, marking a milestone for Wall Street’s blockchain push
DTCC safeguards more than $114 trillion in securities, making it one of the most important pieces of financial market infrastructure. Every day, it records ownership and settles transactions involving stocks, bonds and other securities. Rather than creating new digital assets, DTCC’s system converts existing securities… Read More