Bastion and Coinbase will custody the balances, while transfers to bank accounts in more than 60 countries will carry separate fees.

Four equity-linked tokens join the collateral lineup, with 50% collateral ratios in Cross Margin and Portfolio Margin and a separate tiered schedule for Portfolio Margin Pro.

The company reported 6,016,414 ETH as of Oct. 4, while Lee estimates roughly 100,000 tokens remain before it reaches the ceiling.

Winklevoss Capital Fund has indicated interest in buying up to $100 million of shares, but the potential purchase is nonbinding.

Ripple and hedge fund QRT also joined the financing, an extension of the March round backed by NYSE owner ICE. The amount raised was not disclosed.

The proposed subsidiary would also hold client assets and manage stablecoin reserves, but would not accept deposits or make commercial loans.

Proposed tickers BITH and ETHK would use futures and reset leverage daily, exposing longer-term holders to compounding losses.

OKXICE told the SEC it will run tokenized equity trading through permissioned Uniswap v4 pools on X Layer. Cerebras has already filed an objection to being included.

The nBND vault holds shares of an actively managed ETF rather than short-dated Treasuries, pushing onchain fixed income into credit and duration.

Tokenized real-world assets reached $34.5 billion at the end of August, according to a Dune report published Wednesday. Tokenized Treasury funds make up half of it and turned over 0.006% of supply that month. Equities, 8% of the market, generated 93% of spot volume.