#Tokenized

BREAKING: Anthropic is coming onchain. The biggest name in AI. Tokenized on day one. Launching on IPO day through Ondo Stocks.

JUST IN: 🇺🇸 The SEC keeps moving on crypto without Congress, adding 3 new answers on who controls a crypto network. Under the new guidance: 1. Token holders voting on a network generally don’t count as a “central party,” unless they’re affiliated or agree to act together. 2. A central party “oversees participation” if it can control access at the protocol, validator or user level. 3. A network being “functional” (its token actually works on it) is different from being “decentralized” (no one controls it). It’s the SEC’s latest crypto move since the CLARITY Act failed a Senate vote 49 to 50 on Sept 15: - Sept 17: an exemption for trading tokenized US stocks on blockchain venues - Sept 25: a crypto FAQ on how securities laws apply to tokens - Oct 1: a proposal on how investment advisers and funds can hold crypto

It's OVER. The SEC and CFTC are done waiting for the CLARITY Act. Regulators have now made at least 9 moves to build crypto rules without Congress. 1. SEC Crypto Task Force - define what is and is not a security 2. Project Crypto - modernize SEC rules for onchain markets 3. SEC-CFTC crypto guidance - classify crypto assets into clearer categories 4. SEC-CFTC harmonization MOU - reduce overlap between the two agencies 5. Joint Harmonization Initiative - create shared rules for crypto firms 6. CFTC Innovation Task Force -speed up crypto and blockchain market rules. 7. CFTC crypto FAQs - clarify how registered firms can use blockchain 8. SEC Innovation Exemption - allow tokenized US stocks to trade onchain 9. CFTC proposed crypto market rule - create a formal framework for crypto asset markets Crypto may now move forward without CLARITY Act.

62 companies are now pushing back against tokenized versions of their own stocks on OKX. Nebius, Boeing and ServiceNow have reportedly joined the opposition, bringing the total from 59 to 62 companies since November 3. 📊 Here’s the breakdown: 🏢 62 companies have now filed objections. 🚫 54 of the original 62 companies have reportedly opposed the proposal. ✈️ Boeing and ServiceNow were already on the initial list. 🤖 Nebius is a new addition. My take: Wall Street wants blockchain infrastructure, but apparently not everyone wants their own shares trading on someone else’s tokenization platform. 😂 Tokenization sounds great until your stock becomes a token without getting invited to the party. 🥲

$100,000 in total prizes Introducing Stocks Maxxing: a one-month competition to build the next generation of tokenized stock products on Base ↓

Elysium Machines — launch date is set. Friday, Nov 6 · 15:00 UTC 4,444 machines, one token: $MACHINE (ERC-404). — Hold 1 $MACHINE → a machine appears in your wallet — Drop below 1 → it dissolves back into the pool — Consecrate it → the token burns, the machine lights up and farms HYPE & tokenized stocks — Lit machines share in the fees 3% fee on every $MACHINE trade. 5% fee on NFT. Fair launch: — No presale, no team allocation — 100% of supply in one locked pool — Everyone buys on the same curve WL wallets gets priority access to the system. WL closes in 24h: Docs: Systems check complete. See you at boot.

JUST IN: Securitize launches trading for 13 new tokenized stocks on Solana. The 13 stocks added by Securitize are: • Flex $FLEX • Salesforce $CRM • Lumentum $LITE • GameStop $GME • Exxon Mobil $XOM • Merck & Co. $MRK • Lockheed Martin $LMT • Arista Networks $ANET • Texas Instruments $TXN • Johnson & Johnson $JNJ • Seagate Technology $STX • Uber Technologies $UBER • The Walt Disney Company $DIS

🔥 JUST IN: Tokenized stocks on X Layer gained $79.6M in market cap over 7 days, leading Arbitrum ($14.3M) and Robinhood Chain ($7.1M).

What we’ve been working on Since our last update on October 8th, we’ve been focused on improving the infrastructure behind robinhood:0x56910d4409f3a0c78c64dd8d0545ff0705389870. Distributions were paused from October 18th to the 29th while the system was rebuilt. Protocol fees continued to accrue throughout that period and were deployed into stocks once the new setup went live. Since October 29th, three distribution cycles have completed, sending roughly $23,600 in stocks to 4,163 wallets. The upgraded setup includes: • Fixed 36-hour cycles for a consistent distribution schedule. • Former holders made whole, with around $3,680 in banked stocks distributed to 5,366 addresses that had fallen below the 10,000 robinhood:0x56910d4409f3a0c78c64dd8d0545ff0705389870 threshold. • Built-in price protection, with stock purchases and ETH → USDG conversions limited to within 1.5% of trusted prices. The result is a more predictable, secure and scalable distribution system. Closing the volume gap A significant portion of robinhood:0x56910d4409f3a0c78c64dd8d0545ff0705389870 trading volume currently routes through pools that do not use the official fee hook, meaning those trades do not contribute to the 3% fee funding stock distributions. We have already addressed one side of this issue. Pools holding robinhood:0x56910d4409f3a0c78c64dd8d0545ff0705389870 were previously able to appear as holders and receive distributions. Those pools are now excluded, receive $0, and new pools are checked before every cycle. The remaining fee-bypass issue requires a deeper change and is already in development. We’ll have more to share on the full approach soon. The objective is simple: robinhood:0x56910d4409f3a0c78c64dd8d0545ff0705389870 trading activity should contribute to the protocol economics it was designed to support. Expanding the Index ecosystem A large part of our recent product work has also gone into Blend. Blend introduces permissionless onchain Baskets backed by tokenized assets. Each Basket represents defined quantities of its underlying assets in a single share and can be bought, sold, redeemed and integrated into other applications. For robinhood:0x56910d4409f3a0c78c64dd8d0545ff0705389870, Blend adds another source of protocol activity and revenue, expanding the ways onchain activity can ultimately flow back into stocks. What comes next The distribution infrastructure is stronger, the fee-routing issue is being addressed, and Blend is expanding the ways tokenized assets can be used across the Robinhood ecosystem. Our focus remains the same: build useful infrastructure around onchain stocks and return more of the value generated by that infrastructure back into the Index ecosystem. Stocks for everyone.

🔥 BIG: Tokenized stocks on Ethereum have grown 170% year over year to $827 million, according to Token Terminal.

BREAKING: $657M in tokenized stocks traded on Solana on Monday. More than double any other day since September. @Backpack Securities made up $598M of it.

BREAKING: #BNY completes first-of-its-kind transaction with tokenized assets on major triparty repo platform in collaboration with @Citadel Securities. A 2-year U.S. Treasury note was #tokenized on BNY's private digital ledger, settled within minutes, and used as collateral in an overnight triparty repo—demonstrating how traditional and digital infrastructure can work together to improve settlement speed and collateral mobility. (1/2) Release:

Ethereum hosts 54% of all stablecoins 86% of tokenized stocks use a similar issuance model: 1:1 backing, no underlying asset issuer involvement needed With stocks on Ethereum up 170% YoY to $827M, investors should watch if the stablecoin success repeats for another asset class

BREAKING: @leapxyz, a new company from @solanalabs, is live in early access. High performance mobile trading app, engineered for discipline. Every asset from tokenized stocks to memecoins, with the stories behind the charts and P&L that counts everything.

Introducing Leap, the mobile trading app designed for high performance. A Solana Labs Company. Early access starts today. 🧵👇

Tokenized stocks are an important innovation for democratizing access to high quality investments globally and 24/7 trading. But they may also unlock new utility that wasn't possible before in tradfi. @base is hosting a competition for teams that want to innovate in this area

Ondo Finance is now the world’s #1 largest tokenization platform, with over $4B in TVL. A milestone spanning tokenized Treasuries, stocks, ETFs, portfolios, and private markets. Ondo was built around a simple conviction: financial markets should be more accessible, and financial assets should do more. The rise to #1 follows a year of industry firsts and category leadership (per RWA․xyz): → Ondo Stocks: first tokenized stock platform to $1B TVL, reached in under eight months. → USDY: world’s largest tokenized Treasury product, with over $2.3B in total value. → Ondo Intelligent Portfolios: largest onchain portfolio product by TVL, weeks after launch. Beyond those milestones, Ondo products have reached 1M+ cumulative holders and are supported by leading wallets, exchanges, and DeFi platforms. Tokenization is changing the foundations of financial markets, from how assets move to how investors use them. Ondo will continue building for markets that are global, open, and onchain. First billions. Then trillions.

22 more Robinhood stocks are now whitelisted on @hedera and @SonicLabs, plus Stellar and Robinhood Chain. Netflix, Costco, Reddit, Eli Lilly, SK hynix and 17 more join the lineup. That's 46 tokenized stocks builders can offer across 4 networks 👇

91% of all tokenized stocks lead back to one broker. Tokenized stocks total $4.60B today and $4.17B of that is backed by real shares held at a single US broker called Alpaca Securities. - 7 issuers use it - Binance bStocks, Ondo, xStocks, Robinhood, Reality, Coinbase and Dinari. - Alpaca holds those shares at DTC, the central US securities depository. On the company's books, the owner is Cede & Co., and not you. - Securitize and Backpack take a different path, through RQD Clearing but still ends at DTC. - Superstate and Securitize’s ISTs are the only one that skips both. The shares sit on the company's own register, with no broker and no DTC. In total, that’s 4.7M token holders across those 7 issuers, and one broker between all of them and the real shares. Now you know.

📊 LATEST: Tokenized stocks on Ethereum grew 170% YoY to $827M, per Token Terminal. Is Ethereum becoming Wall Street’s next home?