SEC Tokenized Stock Exemption Rules Out Synthetics, Backs Coinbase Model

The SEC's five-year Innovation Exemption permits on-chain NMS stock trading through permissioned AMM pools, requiring full shareholder rights and excluding synthetic tokens.

• The SEC has introduced a five-year Innovation Exemption allowing on-chain trading of NMS stocks.
• This exemption mandates full shareholder rights and explicitly excludes synthetic tokens, favoring models like Coinbase's.
• The focus is on permissioned AMM pools for regulated trading of tokenized equities.

Topics: Legal regulatory, Institutional adoption, Blockchain usage, Securities law classification, Asset manager initiatives, Ethereum evm l 1 s

Tags: #sec #tokenizedstock #innovationexemption #onchaintrading #permissionedammpools #shareholderrights #synthetictokens #coinbasemodel #regulatoryexemption

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Jeff (@cfm_sol) on X

$PRISM 15.33m dyor 0x20024e485c0b22b42855589700721b28320a7777 okx wallet:https://t.co/nHpOnu7Ysx A platform for trading tokenized real-world assets, combined with AI, focused on non-custodial, on-chain trading of stocks, government bonds, gold, real estate, ETFs, and more. The product is basic…

• Prism is a platform for trading tokenized real-world assets (RWAs) using AI, focusing on non-custodial, on-chain trading of various assets like stocks, bonds, gold, and real estate.
• The platform features a marketplace of verified tokenized assets, a decentralized exchange (DEX) for direct on-chain trading, and a launchpad (Stokenize) for businesses to tokenize and raise capital.
• The native PRISM token is used for fee discounts, staking, liquidity provision rewards, and is subject to buybacks and burns driven by trading volume, creating a flywheel effect.

Topics: Asset types, Infrastructure providers, Integration with defi, Financial instruments, Tokenization platforms, Rwa collateral lending

Tags: #prism #tokenizedrealworldassets #onchaintrading #stocks #governmentbonds #gold #realestate #etfs #dex #stokenize

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Ethereum vs Solana: Which Wins When Wall Street Moves Stocks On-Chain?

Ethereum vs Solana: compare institutional adoption, transaction speed, tokenized-equity activity and the SEC’s plans for on-chain trading.

• Ethereum and Solana are competing to become the primary blockchain infrastructure for Wall Street's move towards 24-hour on-chain stock trading, with the SEC's upcoming roundtable on September 17th being a key event.
• Solana offers advantages in transaction speed and cost, with significant activity in tokenized equities, while Ethereum benefits from deeper institutional adoption and existing infrastructure used by major players like BlackRock and Robinhood.
• The SEC's regulatory stance and future rule-making will be critical in determining which blockchain ultimately supports the future of on-chain stock trading, with factors like settlement speed, custody, and operational resilience being key considerations.

Topics: Blockchain usage, Institutional adoption, Legal regulatory, Ethereum evm l 1 s, Non evm chains, Asset manager initiatives, Banking depository pilots, Securities law classification

Tags: #ethereum #solana #onchaintrading #tokenizedequity #sec #institutionaladoption #blockchaininfrastructure #24hourtrading #settlementspeed #custody

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Gold and Nasdaq-100 Join Arbitrum as TradFi Markets Get

Arbitrum integrates gold and Nasdaq-100, enhancing TradFi markets on-chain. This shift could redefine trading dynamics.

• Arbitrum has integrated tokenized gold (XAU) and the Nasdaq-100 (US100) into its platform, enabling on-chain trading of these traditional finance assets.
• Variational acts as a liquidity provider, bridging these TradFi assets to the blockchain and facilitating trading of equity-based perpetual futures and tokenized gold.
• This development aims to enhance trading efficiency, attract institutional interest, and potentially redefine trading dynamics by blending traditional and decentralized finance.

Topics: Asset types, Blockchain usage, Integration with defi, Alternative assets, Layer 2 scaling, Rwa collateral lending

Tags: #arbitrum #gold #nasdaq100 #tradfi #blockchain #tokenization #variational #liquidityprovider #onchaintrading #perpetualfutures

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Hyperliquid се стреми да навлезе на американския пазар чрез Kraken Payward и Bitnomial

Hyperliquid Labs води напреднали преговори с компанията-майка на Kraken Payward за навлизане на американския пазар Hyperliquid Labs е в напреднали преговори за предоставяне на своята платформа за търговия с безсрочни фючърси на клиенти от САЩ чрез Payward

• Hyperliquid Labs is in advanced talks to enter the US market by partnering with Kraken's parent company, Payward, utilizing Bitnomial for regulatory compliance.
• This move aims to bring Hyperliquid's high-volume perpetual futures trading platform to US clients, leveraging Bitnomial's CFTC licenses.
• The potential partnership is seen as a significant development for on-chain derivatives and could influence how decentralized platforms navigate US regulations, with the native token HYPE seeing a price surge.

Topics: Jurisdictions, Infrastructure providers, Legal regulatory, Established hubs, Major financial incumbents, Securities law classification

Tags: #hyperliquid #krakenpayward #bitnomial #usmarketentry #perpetualfutures #cftc #regulatorycompliance #onchaintrading #derivatives #cryptoexchange

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Nebius ($NBIS) Tokenized Stock Goes Live on Solana Ahead of Tomorrow's Earnings

Backpack Securities listed $NBIS, tokenized Nebius Group stock, on Solana via Sunrise hours before the $48B AI infrastructure company's Q2 earnings August 12.

• Nebius Group's tokenized stock ($NBIS) has been listed on the Solana blockchain via Backpack Securities and Sunrise, allowing for 24/7 trading.
• The listing occurred just before Nebius's Q2 earnings report, enabling investors to trade through the announcement and into the weekend.
• This move highlights the growing trend of tokenizing equities on blockchain platforms to enhance liquidity and accessibility, with Solana leading in on-chain equity trading volume.

Topics: Asset types, Institutional adoption, Blockchain usage, Alternative assets, Asset manager initiatives, Ethereum evm l 1 s

Tags: #nebius #nbis #solana #tokenizedstock #backpacksecurities #sunrise #aiinfrastructure #earnings #onchaintrading #equities

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Candy Digital Enables Secondary Trading on Solana via Magic Eden

Candy Digital has launched on-chain trading for collectibles on Solana, shifting from platform control. Here's why it matters.

• Candy Digital has enabled secondary trading for its digital collectibles on the Solana blockchain through Magic Eden, shifting from platform-controlled to on-chain ownership.
• This move signifies a trend towards decentralization and user empowerment in the digital asset space, leveraging Solana's growing ecosystem for NFTs.
• The development is expected to enhance liquidity and user engagement within the Solana NFT marketplace.

Topics: Asset types, Blockchain usage, Scalability, Alternative assets, Ethereum evm l 1 s, Market depth liquidity

Tags: #candydigital #solana #magiceden #digitalcollectibles #nftmarket #onchaintrading #secondarytrading #usercontrol #decentralization

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JTO price prediction as Jito launches JTX self-custodial trading platform

Jito's latest product launch has put fresh attention on the $JTO token at a time when sentiment across the cryptocurrency market is improving. The protocol has introduced JTX, a self-custodial

• Jito has launched JTX, a self-custodial trading platform for Solana assets and tokenized real-world assets, expanding beyond its liquid staking and MEV services.
• The JTX platform offers advanced trading tools like limit orders and automated execution, leveraging Jito's existing Solana infrastructure and generating revenue for the Jito DAO.
• Despite the JTX launch, JTO's price performance is largely influenced by broader market momentum, with key technical levels to watch for future price movements.

Topics: Asset types, Infrastructure providers, Integration with defi, Alternative assets, Tokenization platforms, Rwa collateral lending

Tags: #jto #jtx #solana #selfcustodial #tokenizedrealworldassets #liquidstaking #mev #onchaintrading #limitorders #jitodao

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Hyperliquid hits record 9% share of aggregate perp open interest

• Hyperliquid has achieved a record 9.3% share of global perpetual futures open interest, challenging centralized exchanges.
• This growth is largely attributed to HIP-3, a permissionless market framework enabling trading of diverse assets including equities, commodities, and pre-IPO assets.
• The platform's success signifies a major milestone for on-chain trading and positions Hyperliquid as a significant trading venue.

Topics: Asset types, Scalability, Blockchain usage, Alternative assets, Growth metrics, Layer 2 scaling

Tags: #hyperliquid #perpetualfutures #openinterest #decentralizedexchange #onchaintrading #hip3 #permissionlessmarkets #realworldassets #equities #commodities

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Robinhood builds custom Lighter instance for unique on-chain trading experience

• Robinhood has launched Robinhood Wallet and Robinhood Chain, integrating a custom Lighter instance for decentralized perpetual futures trading.
• Users can trade perpetual contracts and tokenized stocks using USDG collateral via a self-custodial wallet, with an incentive layer for rewards.
• While Lighter gains access to Robinhood's user base, regulatory restrictions in major markets like the US limit participation in perpetuals trading at launch.

Topics: Blockchain usage, Institutional adoption, Integration with defi, Layer 2 scaling, Asset manager initiatives, Rwa collateral lending

Tags: #robinhood #lighter #robinhoodchain #decentralizedfinance #perpetualfutures #zkrollup #robinhoodwallet #usdg #littoken #onchaintrading

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Eight Takeaways From My Conversation with the SEC Crypto Task Force’s Chief Counsel

Katten symposium hosts talk with Taylor Lindman, Chief Counsel of the Securities and Exchange Commission SEC Crypto Task Force. Learn about agenda and regulatory app

• The SEC Crypto Task Force is focusing on integrating existing market infrastructure with blockchain technology, prioritizing 'durability' and established regulatory processes over speed.
• Key areas of analysis include three distinct tokenization models (issuer-sponsored, custodial, synthetic) and regulating cross-chain interoperability based on substance rather than form.
• The Task Force actively seeks market input, particularly from broker-dealers, investment managers, and tokenizers, emphasizing that engagement is crucial for shaping future regulations.

Topics: Legal regulatory, Infrastructure providers, Institutional adoption, Securities law classification, Tokenization platforms, Asset manager initiatives

Tags: #seccryptotaskforce #taylorlindman #tokenization #regulatoryapproach #blockchainrails #marketinfrastructure #securitieslaw #onchaintrading #interoperability #marketengagement

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Kraken Brings On-Chain Token Trading Into the Main App for US Users

Kraken now offers on-chain trading for 2,500+ Solana tokens directly inside the app for US users and 100+ countries through a self-custodial wallet.

• Kraken has integrated on-chain token trading for Solana tokens directly into its app for US users and over 100 other countries, allowing access to over 2,500 tokens not typically found on centralized exchanges.
• The feature utilizes Privy's embedded wallet technology and Solana DEX infrastructure, offering users a familiar app experience without requiring separate wallets or seed phrases, while maintaining self-custody of assets.
• This move by Kraken aims to bridge the gap between centralized exchange convenience and decentralized exchange asset access, potentially reshaping how early-stage tokens reach retail audiences and intensifying competition among major exchanges.

Topics: Blockchain usage, Institutional adoption, Integration with defi, Non evm chains, Onboarding prime brokerage, Liquidity pools amms

Tags: #kraken #solana #onchaintrading #dex #embeddedwallet #selfcustodial #ususers #tokentrading #defi #privatekeys

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