tokenized

According to Crypto Briefing, Dubai-based Cequire Capital announced plans to invest $100 million in early-stage Web3 companies and liquid digital assets, using its own funds to support projects in five areas of blockchain infrastructure and fintech.This three-year funding will cover stablecoins and stable chains, AI and autonomous agent payments, tokenized real-world assets, privacy technology, and post-quantum security. Cequire plans to allocate 60% of the funds to venture capital, 30% to liquid assets, and 10% to co-investments, leading or co-leading seed and pre-seed rounds with investments ranging from $500,000 to $2 million. The company stated that the first $50 million is ready to be deployed, with deployment expected to be completed by the end of the next quarter.

According to The Block, OKX and the New York Stock Exchange's parent company Intercontinental Exchange's joint venture OKXICE plan to launch a tokenized securities trading platform on November 23, applicable to the five-year innovation exemption from the U.S. Securities and Exchange Commission (SEC).The two companies stated that they have currently confirmed 70 assets from issuers such as Coinbase, Circle, and Robinhood, as well as 59 exchange-traded funds. U.S. customers who complete the account opening process and hold a CeDeFi wallet can use the platform.The report noted that as of the documents dated November 5, 67 companies have chosen not to allow their stocks to be traded in a tokenized manner on the platform, including Meta, Tesla, and Netflix.

According to The Block, Kraken's parent company Payward has launched over 200 stock tokens from the UK and the EU through its xStocks framework, bringing the total number of tokenized assets to over 1500.Each token is backed 1:1 by stocks held by a regulated custodian and can be traded on Kraken and the xStocks alliance platform, supporting blockchain networks such as Solana, Ethereum, TON, Ink, and X Layer.Payward announced in September a partnership with the London Stock Exchange to introduce the top 100 stocks listed in London to xStocks. The London Stock Exchange also plans to offer xStocks trading through LSE 24 after regulatory approval. Payward stated that xStocks has covered over 110 markets, but UK investors currently cannot access it, and the service is not available to US persons or in the US.

This week, the New York Stock Exchange chose Avalanche to provide infrastructure for its upcoming tokenized securities platform. On Monday, Ava Labs announced that Avalanche will serve as the "core ledger technology" for the tokenized securities platform being developed by the NYSE's parent company, Intercontinental Exchange. The product is designed to support 24/7 trading, clearing, and settlement of tokenized securities, pending regulatory approval.Market maker GSR research analyst Carlos Guzman stated that this is a "significant victory for the project," as the NYSE's choice of its technology for settlement greatly enhances institutional credibility and validates the value that blockchain technology brings to traditional financial infrastructure through instant settlement and programmability. Luther Maday, North America head of crypto payment company Mercuryo, mentioned that this decision was made after approximately a year of testing on Avalanche, indicating that the network has passed tests for performance, reliability, and control.Experts also remind that providing infrastructure does not necessarily mean the long-term value of the AVAX token will rise. Guzman pointed out that while the NYSE will use Avalanche infrastructure for clearing and settlement, actual transactions will still occur off-chain, with related activities running on dedicated infrastructure rather than the public C-Chain that carries most of the network's activities. Misha Putiatin, founder of Symbiotic, stated that the main challenge for Avalanche is whether it can achieve "value capture" that is difficult for other blockchains. According to Decrypt data, AVAX rose 3.6% in the past 24 hours to $8.64.

Kraken's parent company Payward's tokenized stock framework xStocks announced the launch of the first batch of stock tokens for UK and EU listed companies, covering over 200 actively traded listed companies in the UK and EU, with more stocks to be rolled out in the future. xStocks stated that hundreds of Hong Kong stock tokens will be launched in the coming weeks, followed by expansion to more international markets.This expansion is driven by the collaboration between Payward Services and the fintech company GTN, with GTN responsible for the global execution and custody of the underlying traditional assets. The new tokens are backed 1:1 by the underlying stocks and can be traded on Kraken and the xStocks Alliance collaborative platform after launch, and have already integrated with the DeFi ecosystems of chains such as Solana, Ethereum, TON, Ink, and X Layer.Previously, Payward reached a tokenization cooperation with the London Stock Exchange. Subject to regulatory approval, the London Stock Exchange plans to launch xStocks in 2027 and trade on LSE 24. Currently, xStocks is still not open to UK investors.

According to Token Terminal data, the asset management scale of the tokenized stock market has reached a historic high of $4.8 billion, growing over 640% from $645 million at the beginning of the year, making it the fastest-growing real-world asset class by 2026. Binance bStocks has currently become the largest tokenized stock product in this market, with an asset management scale of $1.5 billion, accounting for more than 31% of the market share in this category.According to Binance Research data, in the third quarter of 2026, the on-chain transfer amount of tokenized stocks exceeded $100 billion, which is more than 16 times the $6 billion in the first quarter. Additionally, the trading activity of bStocks is not limited to regular trading hours of the U.S. stock market, which also reflects a sustained demand in the market.As of now, the cumulative trading volume of bStocks has exceeded $45 billion, and the amount converted at a 1:1 ratio between directly held stock positions and bStocks has reached $7.5 billion.

Token Terminal data shows that since KelpDAO was attacked on April 18, the total market value of stablecoins and tokenized funds on Ethereum has dropped from 206.7 billion dollars to 168.3 billion dollars, a decline of 19%.

Robinhood confirmed that it does not oppose its stocks being traded on the tokenized stock trading platform OKXICE, launched in collaboration with OKX and the parent company of the New York Stock Exchange, ICE, becoming the third company to explicitly state its non-opposition after Securitize and BitGo. According to the list disclosed by OKXICE on November 5, 56 out of the first 62 companies proposed for launch have already expressed opposition, accounting for about 90%.The 6 companies that have not publicly opposed are closely related to the cryptocurrency industry, including Robinhood, Securitize, BitGo, Circle, Coinbase, and Strategy. The platform intends to trade tokenized stocks through an automated market maker (AMM) based on the SEC's five-year innovation exemption mechanism, allowing token holders to enjoy the same dividends and voting rights as the underlying stocks, while the issuing company can raise objections within 30 days after receiving notification.

According to Cointelegraph, the European Central Bank, the European Commission, and the European Securities and Markets Authority are jointly soliciting nominations for a working group led by the industry, which will establish unified standards for the holding and settlement of tokenized securities.Eligible applicants include EU industry associations, global institutions, private enterprises, and fintech companies, which can apply to join the European Tokenized Standards Group (ETSG) by November 27. The relevant work will commence in January 2027, with the aforementioned three EU institutions participating as observers.The working group will develop technical and market standards to assist businesses in holding and settling tokenized securities across different Distributed Ledger Technology (DLT) platforms, ensuring that these platforms can be compatible with existing financial systems.According to its scope of responsibilities, the working group plans to produce the first set of standards by early 2028. These standards will support Appia, which is the blueprint for the European tokenized financial market developed by the euro system.The three institutions warned that market fragmentation could limit the benefits brought by tokenization, and the working group may propose recommendations on how EU regulators can encourage businesses to adopt its standards. In September of this year, the euro system launched the Pontes system, allowing financial institutions to settle wholesale transactions of tokenized assets in central bank money.

According to Bloomberg, the New York Stock Exchange will settle tokenized stocks on the Avalanche blockchain.

According to The Block, Formation Securities has notified the U.S. Securities and Exchange Commission (SEC) of its plan to operate a tokenized securities trading platform on Solana, aiming to launch trading in early 2027.The company plans to conduct compliant secondary trading of tokenized stocks conditionally through a licensed automated market maker liquidity pool within a compliant trading venue, based on the SEC's innovative exemption mechanism. The first products are planned to include tokenized stocks of Exodus Movement, Forward Industries, and Galaxy Digital.Formation stated that these tokenized stocks will retain the same voting rights and dividend rights as other shareholders, allowing investors to trade with stablecoins and other qualified assets around the clock, with atomic settlement completed on-chain.

According to RootData's popular asset dashboard, the top four tokenized stocks by daily trading volume are SNDK, MU, SOXL, and NVDA, with estimated daily trading volumes of $35.0978 million, $31.1247 million, $30.7256 million, and $25.3139 million, respectively. The top three exchanges by 24h trading volume are all Binance, OKX, and Bitget. It is worth noting that all four assets are semiconductor-related, and the prices have generally declined over the past 24 hours.

Cryptocurrency analyst Darkfost posted on the X platform, stating that while the cryptocurrency market is weakening, the trading volume of tokenized gold products has rebounded against the trend. The total trading volume of gold-backed products on the Binance platform has exceeded 8 billion dollars since its launch; excluding the peak trading volume during the initial launch period, the trading volume in the past 7 days has reached a new high of over 325 million dollars, with a single-day trading volume of 78 million dollars.According to CoinGecko data, the total market capitalization of tokenized assets is currently about 50 billion dollars, with commodity assets nearing 6 billion dollars in market value, and gold holding a significant share. However, Darkfost reminds that the price of gold has retraced over 30% since the beginning of the year and is currently stabilizing around 4,000 dollars per ounce.

Crypto journalist Eleanor Terrett reported that the list of issuers opposing the Intercontinental Exchange (ICE) and OKX tokenized stock trading platform continues to grow. Palantir, S&P Global, KLA, Super Micro, and Meta are the latest companies to raise objections.Currently, 67 issuers have filed objections, including 56 of the 62 companies initially proposed to be listed on the platform.

According to Kraken, the trading platform announced that it will launch a tokenized product for the IPO of Claude's developer, Anthropic.Kraken stated in the accompanying image that the results of the IPO allocation are not determined by Kraken and may be fully, partially, or not allocated at all; funds that are not allocated will be refunded. This product is not available to the United States and U.S. persons and is subject to regional restrictions.

According to official news, the tokenized securities financing infrastructure Lombard Systems (formerly SemiLiquid) has completed a $4 million seed round financing, led by Ethereal Ventures, with participation from ALPS Capital, First Commit, Veris Ventures, and ATKA.Lombard Systems provides financing infrastructure for tokenized securities and maintains the "Delivery versus Lock" (DvL) standard. This standard allows banks, brokers, and transfer agents to accept tokenized and digital assets as collateral without moving the assets out of their original securities accounts, with the assets still locked in the owner's name. Lenders obtain enforceable secured interests evidenced by cryptographic signature credit certificates.

Eastern Alliance collaborates with CACEIS to issue tokenized shares of the STOXX Europe 600 stock index fund on Ethereum, and the fund can still be purchased through traditional channels.

The mobile trading application beta of Leap, a subsidiary of Solana Labs, has been launched and is currently undergoing public testing via iOS TestFlight, with the Android version set to be released soon. The application is based on the Solana network and supports trading tokenized stocks, ETFs, precious metals, foreign exchange, and crypto assets, with spot trading priced in USD, one-click confirmation, and executed as an on-chain swap.Leap was developed by the Dialect team, which was acquired by Solana Labs earlier this year. This team previously developed Solana Actions, the Blinks protocol, and the cashtags feature for the X platform. The application integrates with Jupiter for trading routing, Helius for infrastructure, and Birdeye for market data; there are no fees charged during the initial launch phase, with plans to use fee revenue to buy and burn SOL in the future.