Flash News

TREE NEWS reports: OKXICE, the OKX-ICE joint venture, has received objections from 22 of 62 US listed companies to its plan to offer tokenized versions of their shares under the SEC’s five-year innovation exemption, as of October 24. The objectors include Microsoft, Alphabet, Broadcom, Goldman Sachs, Wells Fargo, Arm, Intuit and CoreWeave. A valid objection bars the tokenized stock from listing; OKXICE, which filed notice on October 4, has not yet launched.

TREE NEWS reports: Open interest in real-world asset (RWA) perpetual futures has climbed to near $20 billion, setting an all-time high after surging 192% since June, CryptoRank data show. Centralized exchanges account for 71% of total open interest and lead in equities and precious metals, while decentralized exchanges hold the remaining 29% and dominate equity index derivatives.

TREE NEWS update: Binance founder Changpeng Zhao said Japan’s plan to cut crypto gains tax to about 20% from as high as 55% will draw capital and trading back to the country, in an interview published Oct. 24. He said sovereign competition is shifting to stablecoins and full asset tokenization, including government bonds, equities and natural resources. Zhao also said AI agents will need crypto for micro-settlements.

TREE NEWS update: Six more companies, including Wells Fargo, Cisco Systems, Marvell Technology, Arm Holdings, Moderna and Intuit, objected to trading on the OKXICE TSV tokenized stock platform, bringing the total to 22 as of an October 23 notice, up from 16 on October 19 and 9 on October 15. The notice did not state the reasons for the objections or their impact on whether the stocks can trade. OKXICE TSV is a 50/50 joint venture between Intercontinental Exchange and OKX’s US holding company that plans 24/7 trading of tokenized US equities via Uniswap v4 pools on OKX’s XLayer blockchain, settled in stablecoins such as USDC.

TREE NEWS update: Latvia plans to introduce a regulatory framework for real-world asset tokenization in the first half of 2027, Economy Minister Viktors Valainis said, with commercial real estate likely to be among the first use cases and government bonds also flagged as a priority. The Economy Ministry is drafting the proposal with the central bank, the Finance Ministry and industry representatives, while an assessment of needed legal changes, originally due by October 1 this year, is still underway.

TREE NEWS update: Latvia plans to roll out a regulatory framework for real-world asset tokenization in the first half of 2027, Economy Minister Viktors Valainis said, with commercial real estate likely to be among the first use cases and government bonds also flagged as a priority. The Economy Ministry is drafting the plan with the central bank, the Finance Ministry and industry representatives, while a legal review originally due by October 1 remains underway.

TREE NEWS reports: Tokenized stocks can trade at prices that diverge from the underlying share price, with a closed-market buy-and-exit example illustrating how spreads and trade size affect execution. Minting and redemption of the tokens follow a separate clock from regular equity market hours, meaning token holders face execution risk when the underlying market is shut.

TREE NEWS reports: JPM Coin limits participation to approved institutional clients, while USDC holders can transfer tokens without a Circle Mint account but need one for direct dollar redemption. The distinction highlights differing access models between tokenized deposits and stablecoins.

TREE NEWS update: Solana co-founder Anatoly Yakovenko on Oct. 24 proposed building an oracle in which validators’ price judgments are weighted by their SOL stake, aimed at pricing tokenized assets and using them as collateral. Profits from the mechanism could be taxed to add revenue for the Solana network. The idea remains a concept, not a formal governance proposal, with no implementation timeline or vote scheduled.

TREE NEWS reports: 59% of stock-token trades on Robinhood Chain take place while Wall Street is closed, with weekend trading volume reaching $532 million in a single month. The figure highlights demand for tokenized equity trading outside traditional market hours.

TREE NEWS update: Franklin Templeton issued about $150 million of tokenized money market fund shares on the XRP Ledger on Thursday, lifting its holdings on the network to nearly 193 million shares worth roughly $200 million at $1.039 per share. The new shares came through two $75 million subscriptions sent to a single wallet holding all of the fund’s XRP Ledger shares. The tokens represent shares of Franklin Templeton’s Singapore-registered OnChain USD short-term money market fund, whose on-chain assets on XRP Ledger are second only to Ripple’s RLUSD stablecoin.

TREE NEWS update: Singapore’s BLOOM initiative has added the central banks of Malaysia and Thailand as participants, alongside new members Mastercard, Airwallex and the World Bank Group. The Monetary Authority of Singapore’s release announcing the expansion did not name any stablecoin, pilot or launch date. BLOOM is MAS’s project for settling cross-border payments using tokenized bank deposits and stablecoins.

TREE NEWS update: The SEC’s exam division has named tokenization a “high-risk area” in clearing-agency examinations for fiscal 2027. Tokenization is also listed as an emerging trend in market-systems reviews. Neither the 2025 nor the 2026 edition of the document mentioned tokenization.

TREE NEWS reports: Wells Fargo and five other firms have objected to the proposed tokenized stock platform by the OKX-ICE joint venture under the SEC’s innovation exemption, bringing the total number of objecting companies to 22 as of Friday. The filings target the venture’s plan to list tokenized equities under the regulatory carve-out.

TREE NEWS update: The SEC’s Division of Examinations has named “super intelligence and other advanced technologies” as a focus area alongside tokenization risks, the regulator said. The division identified the two themes as systemic market risks it will scrutinize. The notice did not specify which firms or products would be examined.

TREE NEWS reports: Six more issuers have objected to OKX-ICE trading tokenized versions of their shares, bringing total objections to 22, Reuters reported. Under SEC rules, those objections keep the tokens off the venue. The latest objectors include Wells Fargo, Arm and Intuit.

TREE NEWS update: The U.S. Securities and Exchange Commission has flagged tokenization as an emerging market risk in its examination priorities for 2027, while cryptocurrencies are not listed as a standalone examination category. The designation places tokenized assets within the scope of the agency’s market oversight planning for the year. The SEC’s priorities did not create a separate crypto category.

TREE NEWS update: The SEC has added tokenization to its 2027 examination priorities, bringing clearing agencies and entities covered by Regulation SCI under explicit scrutiny for tokenization. Transfer-agent technology reviews, which began in 2026, will continue as part of the program.

TREE NEWS update: Malaysia and Thailand have joined Singapore’s BLOOM initiative for cross-border stablecoin and tokenized deposit settlement, expanding the program to three central banks. The initiative involves Ripple, Visa and Mastercard. No timeline or specific settlement volumes were disclosed.

TREE NEWS update: HSBC has launched a stablecoin called RedCoin and plans to let customers buy tokenized funds with it. The bank’s payments app will allow customers to activate stablecoin wallets for transfers and payments at more than 100,000 merchants, with a tokenized money market fund share class planned for later this year.