SEC's big swing to clear tokenization path isn't likely to get resilience of full rule

Former SEC lawyers say that using its power to grant tokenization "innovation" efforts an exemption from securities law isn't as strong as a full-fledged rule....
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Wall Street and crypto are crashing into each other as tokenized treasury markets hit $14.6 billion
Not all crypto exchange executives agree, but the data does not lie: centralized exchange trading volumes dropped more than 11% to $4.61 trillion, their lowest since late 2024....

Banks are buying Bitcoin vaults, but a quantum problem may be waiting inside
The banks are finally buying the vaults. In May, BNY, the world's largest custodian with $59.4 trillion in assets under custody and administration, announced it would offer Bitcoin and Ethereum custody in Abu Dhabi. Weeks later, Standard Chartered confirmed it will fully acquire Zodia Custody, the digital asset custodian it incubated in 2020, with the […] Th...

SpaceX’s IPO exposes the first crack in tokenized stocks – fragmented ownership and allocation
SpaceX priced its IPO at $135 per share on June 11, raised $75 billion in the largest public offering in history, and opened on Nasdaq at $150 Friday morning. By the time the stock reached $164, retail investors had gained “SpaceX exposure” through actual Nasdaq shares, Backpack Securities' redeemable token on Solana, xStocks tracker certificates […] The pos...