The company’s disclosed bitcoin holdings remained about $5.1 billion above cost. MSCI’s final affected-company list is due Nov. 11.

Tokens will be backed 1:1 by securities held at DTC, with Stellar and Circle’s Arc anticipated in 2027.

The European offering will serve corporate and institutional clients, with expansion into Asian financial centres targeted for 2027.

The July trial covered issuance, transfer and redemption for Mitsubishi Corporation, while the banks have targeted commercial transactions in fiscal 2026.

Robinhood’s offshore tokens do not convey shareholder rights, while the SEC’s new US trading framework gives issuers a limited right to object.

The planned offering would let businesses fund card programs around the clock, with Coinbase holding balances and Base providing onchain settlement infrastructure.

The report puts weekly spot trading on decentralized exchanges at $2.54 billion, 55 times the January level, with Ondo's issuer share down to 26% from 56%.

The company run by former FTX Europe head Patrick Gruhn says it has published a notice of intent to rely on the SEC's five-year relief. A 30-day waiting period follows.

The venture now discloses nine issuer objections, each of which bars the affected stock token from trading under the SEC’s conditional exemption.

A May simulation flagged both companies for deletion and SharpLink for a watchlist. MSCI will publish its final list on Nov. 11.