Tokenization
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News
Solana Is The New Wall Street For Tokenization
Chief investment officer of crypto asset management firm Bitwise, Matt Hougan, thinks Solana will be the Wall Street network of choice for stablecoins and real-world asset tokenization. “I think Solana is the new Wall Street,” said Hougan, speaking with Solana Labs’ Akshay Rajan on Oct. 2. He added that the Wall Street audiences consider Bitcoin (BTC) “very ephemeral” and “hard…
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News
Alpaca launches Instant Tokenization Network for US stocks
US broker-dealer Alpaca has launched an Instant Tokenization Network (ITN) that allows institutions to mint and redeem tokenized US stocks directly, a move that could help boost onchain liquidity in a segment of the tokenization market still constrained by structural barriers. The ITN enables institutions to tokenize portfolios with a single API call and redeem tokens in-kind for the underlying…
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News
Robinhood Q2 Crypto Revenue Doubles As Firm Doubles Down On Tokenization
Trading platform Robinhood’s crypto revenue increased 98% year-on-year to $160 million in the second quarter as CEO Vlad Tenev doubled down on plans to lead the real-world asset tokenization market in the US and abroad. Total net revenue climbed 45% year-on-year to $989 million, while net income increased by 105% to $386 million, Robinhood said in its earnings statement on…
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News
US GENIUS Act Sparks Growth in RWA Tokenization
Real-world asset (RWA) tokenization is rapidly emerging as one of Wall Street’s most promising innovations, and with the recent passage of pro-industry legislation, particularly the US GENIUS Act, growth in the sector is poised to accelerate, according to Aptos Labs’ newly appointed chief business officer, Solomon Tesfaye. In a conversation with Cointelegraph ahead of the landmark passage of the Guiding…
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News
Citadel Cautions SEC on Tokenization Risks and Innovation
The US Securities and Exchange Commission’s (SEC) plan to streamline securities tokenization may sound promising, but it is unlikely to benefit investors unless it delivers genuine innovation and efficiency, according to market maker Citadel Securities. “Tokenized securities must achieve success by delivering real innovation and efficiency to market participants, rather than through self-serving regulatory arbitrage,” Citadel wrote in a statement…
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