Anthropic Retracts IPO Range as Crypto Products Await Debut

The withdrawal of the IPO price range matters less for Anthropic itself than for the tokenized products whose trading debut is tied to it. Ondo and Dinari's offerings are effectively gated by a public listing they don't control, which exposes a structural dependency in the tokenized-equity model: the on-chain product can be ready while the underlying event slips. The open question is whether the retraction is a timing issue or a repricing one, since that determines how long the tokenized debut stays in limbo.