Tokenization
Tokenized Stocks Traded $1 Billion While The Stock Market Was Shut
The 42 largest tokenized equities turned over $1.01 billion on Saturday and Sunday, roughly matching Friday's session, and another $398.3 million on Labor Day. Robinhood Chain handled $572.8 million of the weekend total. One tokenized Nasdaq-100 fund on BNB Chain did $180.5 million on its own.
The AMC Fight Turned Into An Industry Argument Over Which Tokenized Stock Model Wins
Uniswap founder Hayden Adams compared Robinhood's and Ondo's stock tokens to early stablecoins on Friday, hours after Dinari co-founder Gabriel Otte called the same instruments "indisputably worse for the end investors than even common stocks." Three models are competing for $2.91 billion of tokenized equities, and the SEC has already sorted them into separate legal boxes.
AMC's CEO Told Robinhood To Halt Its Stock Token. Robinhood Told Him To Send Lawyers
Adam Aron called on Robinhood to "CEASE AND DECIST" trading of AMC stock tokens and said the company's securities counsel is looking at whether it can force a halt. Chief Legal Officer Dan Gallagher answered "Send your lawyers and we'll educate them." The token's onchain supply grew from 157,844 to 1.5 million in the 18 hours between the two posts, and at least 23 memecoins whose names spell AMC launched against it.
Nomura’s Laser Digital Backs ZIGChain’s Emerging-Market Private Credit Push
Laser Digital bought ZIG tokens and will structure and risk-govern a pipeline of vault products with ZIG Markets, which says it has originated more than $50 million with no defaults so far. The investment size was not disclosed.
Tokenized Stocks Hit Records Across Every Major Venue as Sector Reaches $2.3B
Ondo, Backed Finance, and Robinhood Chain all set all-time highs in tokenized equity holdings this week, while dYdX's new Arcus exchange posted record perps volume — signs the market for onchain stocks is scaling on multiple fronts at once.
SpaceX Opens for Public Trading Friday With a Live Crypto Tokenized-Equity Stack Behind It
SpaceX begins trading on Nasdaq at 9:30 AM ET Friday under SPCX. The same morning, Ondo's SPCXon, Kraken's xStocks SPCXx, a Backpack Securities-issued SPCX token on Solana, and Hyperliquid's pre-IPO perpetual all settle into a single live tokenized-equity stack.
Circle's USYC Becomes Largest T-Bill Fund on BNB Chain at $2.9 Billion
Circle's USYC tokenized Treasury bill fund has reached $2.9 billion in market cap, becoming the largest T-Bill fund deployment across blockchain networks.
Anthropic Flags Unauthorized Tokenized Shares
The developer of Claude has updated its terms of service, warning against the third-party sale or transfer of its private equity.
Coinbase Taps Centrifuge as Preferred Tokenization Partner
The exchange's strategic investment cements Centrifuge as the go-to issuance layer for compliant onchain assets, starting with a tokenized S&P 500 product for non-U.S. users.
DTCC Sets July Launch Window for Tokenized Securities Pilot
The DTC unit will begin processing limited tokenized trades in July before opening the service more broadly in October.
