Tokenized Stocks

The July 16 announcement frames the capital as fuel for tokenized securities and derivatives expansion.

The team cited a “serious internal integrity issue” involving members and gave no details on scope or user impact.

The new Ethereum L2 uses ETH as gas and has more than 500,000 ETH-holding wallets in launch-week data.

Bridge deposits hit $106M and Ethereum holds 47% of RWA tokenization, but usage and perp demand softened into resistance.

Deribit skew eased from “extreme fear,” but puts still trade at a 9% premium as ETH tests the $2,000 narrative.

Haircuts run from 10% on broad ETFs to 30% on higher-volatility names, with caps up to $1 million per asset.

The firm expects about $400 million in gross proceeds from the CEPT merger, with a Monday vote and early-July close on deck.

The product plugs into xStocks, Ondo Finance, and Anchorage Digital’s Porto to route execution across tokenized-asset venues.

Orders route via U.S.-licensed brokers to Nasdaq and NYSE, but the rollout is geo-blocked and transfers are inbound-only at launch.

SPCX perpetuals printed a $159.89 pre-open VWAP, while tokenized “IPO access” campaigns were canceled after allocations failed.

The carve-out would use exemptive authority to enable limited trading sooner than rulemaking, but with less permanence.

Carlos Domingo pointed to NYSE and Computershare partnerships as steps toward on-chain equity trading and settlement.

Tokenized stocks rose 422% while bonds and money market funds added $6.5B even as crypto sold off in early June.

The USDC-settled perpetual futures contract offers eligible international users 24/7 exposure to SpaceX's estimated pre-listing valuation.