Flash News

TREE NEWS update: Nine US-listed issuers including Broadcom, Verizon, UnitedHealth and CoreWeave filed written objections with OKXICE against the tokenization of their shares, the ICE-OKX joint venture said in an Oct. 15 public notice. The platform had planned to list 63 US stocks under the SEC’s five-year innovation exemption, which gives issuers a 30-day per-venue objection right; silence is treated as consent. The objections bind only OKXICE, not other venues.

TREE NEWS update: JPMorgan has launched its JPM Coin deposit token on the Ethereum network for institutional clients, the bank announced. The token, pegged to U.S. dollar deposits, enables clients to transfer and receive funds around the clock in seconds, instead of the several business days previously required. JPM Coin was first introduced last year and had been running on Base, the blockchain associated with Coinbase.

TREE NEWS update: AMC Entertainment CEO Adam Aron publicly criticized Robinhood CEO Vlad Tenev and Chief Legal Officer Dan Gallagher over the brokerage’s launch of tokenized AMC shares in the US. Aron said AMC did not consent to the tokens and that the SEC has asked Robinhood to obtain AMC’s approval or at least halt the initiative. He called the tokens “fake, synthetic stock” that could affect AMC’s capital structure, insisting AMC should control its own financial destiny.

TREE NEWS update: Hyperscale Data has tokenized 5,000 troy ounces of physical silver through its indirect wholly owned subsidiary Ault Global Commodities, with tokens listed on the Ault Markets platform and trading expected to begin within weeks. The Nasdaq-listed company also disclosed that its AI technology subsidiary askROI is preparing an independent listing via reverse takeover, IPO or SPAC, targeted for the second or third quarter of 2027.

TREE NEWS update: Goldman Sachs, Wells Fargo and Morgan Stanley each flagged tokenization as a growth opportunity on their third-quarter earnings calls, without providing revenue expectations for the business. Goldman is studying expanded use of DTCC’s tokenization services, while Wells Fargo already uses tokenized deposits for cross-border payments that reach recipients within two minutes and is exploring tokenized securities, RWA and crypto trading for wealth-management clients. Morgan Stanley said tokenization can speed and simplify asset transfers but clients still need investment advice.

TREE NEWS update: Goldman Sachs CEO David Solomon said on the bank’s Oct. 13 earnings call that tokenization is becoming an important trend across asset classes and could bring more products, clients and business. The bank has tokenized bonds, money market funds and some client real estate, and is evaluating scalable use of blockchain infrastructure through its GS DAP platform and DTCC’s July tokenization service. Solomon said blockchain activity remains small, while Q3 net revenue was $18.68 billion and equities revenue rose 72% year over year to $6.4 billion.

TREE NEWS reports: Nine companies including CoreWeave, Broadcom and Verizon have objected to the tokenized trading of their shares on OKXICE, Applied Optoelectronics told the WSJ. Applied Optoelectronics said it objected because it was unsure how tokenization would affect its stock price, liquidity and volatility. The objections target the tokenized equity products offered on the OKXICE platform.

TREE NEWS reports: Citrini Research published a 79-page report titled “Breaking the Wall” arguing that blockchain “has finally found its purpose” as US Treasuries, credit and equities move on-chain. The Wall Street-focused research firm said tokenization lets financial assets flow between applications like software and serve as collateral, shifting the debate to who will capture the gains.

TREE NEWS reports: Solana’s application revenue rose 48% quarter-over-quarter to $299.1 million in the third quarter of 2025, the highest since Q3 2025. Tokenized equity trading volume hit a record $7.1 billion for the quarter, including a single-month peak of $4.4 billion in September. Spot DEX volume reached $197.2 billion, 36% of cross-chain spot volume, marking a ninth straight quarter above 30%, while on-chain transactions set a record 14.2 billion, about 1,790 per second.

TREE NEWS update: DTCC will tokenize 25 securities on the Canton Network and Hyperledger Besu, with tokens backed 1:1 by securities held at DTC. Stellar and Circle’s Arc are anticipated to join the rollout in 2027. The plan marks a major step in bringing traditional securities onto blockchain rails under existing custody backing.

TREE NEWS reports: Binance’s tokenized U.S. equities product, bStocks, has crossed $1 billion, a mark the exchange says was reached faster than any other tokenized stock offering. Data from rwa.xyz ranks bStocks first among tokenized stock platforms. The milestone places the exchange at the front of a market that tokenizes traditional U.S. equities on-chain.

TREE NEWS reports: Tokenized stocks are drawing trading activity outside regular Wall Street hours, extending equity market access past the closing bell. The development comes as Bitcoin miners confront costly AI expansion, while new accounting rules could benefit stablecoins. Wall Street closed at 4 pm ET, but tokenized equities kept trading.

TREE NEWS update: AMC Entertainment CEO said the company will not consent to Robinhood issuing US stock tokens tied to its shares, arguing the offshore tokens do not convey shareholder rights. He cited the SEC’s new US trading framework, which gives issuers a limited right to object to such tokens. The statement follows Robinhood’s rollout of tokenized equity products in Europe.

TREE NEWS reports: Tokenized equities reached $3.8 billion this year. Weekly spot trading on decentralized exchanges hit $2.54 billion, 55 times the January level. Ondo’s issuer share fell to 26% from 56%.

TREE NEWS update: Perpetuals, the Nasdaq-listed company run by former FTX Europe head Patrick Gruhn, has published a notice of intent to rely on the SEC’s five-year relief to trade tokenized US stocks. A 30-day waiting period follows the filing before the exemption can take effect.

TREE NEWS reports: Panelists at a Singapore crypto conference said liquidity is the next challenge for tokenized markets, while everyday stablecoin payments are emerging as a key use case. The discussion also covered the changing landscape for crypto investors. No specific figures, decisions or timelines were announced.

TREE NEWS reports: Injective’s INJ token rose more than 23% on October 16 to $9.16, extending a roughly 70% monthly gain, as perpetual futures open interest climbed by $35 million in days. Three firms — 21Shares, Canary Capital and REX-Osprey — have filed with the SEC for spot and staked INJ ETFs, and Canada-listed Pineapple Financial said it will move a $10 billion mortgage portfolio on-chain to Injective. Injective’s institutional arm obtained SEC transfer agent registration on August 19.