The tokenized stock market is expanding fast, yet nearly all activity is concentrated in Backed and Ondo Global Markets, which dominate trading with popular U.S. tech shares and ETFs. While most offerings are synthetic, platforms exploring true ownership are emerging. Summary Tokenized stocks are growing quickly, but the market is almost entirely dominated by Backed
SoFi Technologies, the $30 billion publicly traded online bank best known for student loan refinancing and stock trading, is getting ready to roll out its own stablecoin, alongside other crypto services. During Goldman Sachs’ Communacopia + Technology Conference 2025 earlier this month, SoFi CEO Anthony Noto revealed that the company sees crypto as touching “every
According to Polymarket data, investors are almost certain that the Fed will cut interest rates at its meeting on October 29, 2025. The highest probability in the prediction market is a 25 basis point rate cut. According to the data: Probability of a 25 basis point cut: 90% Chance of a 50 basis point or
Robinhood added Stretch (STRC), the latest preferred stock of Strategy. With the latest addition, Robinhood taps an even wider buyer base of retail investors. Robinhood added access to Stretch (STRC), Strategy’s variable-rate, perpetual preferred stock. STRC was launched with a face value of $100 and 9% annualized dividend paid monthly, though it traded at $99
Federal Reserve Bank of Dallas President Lorie Logan is the latest Fed official to share her thoughts on monetary policy and what the next move should be, given rising inflation and a weakening labor market. This comes as the crypto market prices in a potential Fed rate cut at the next FOMC meeting, with Bitcoin
Tether and Circle have been issuing stablecoins at a breakneck pace, minting just under $3 billion in fresh tokens in the last 24 hours. USDT and USDC transaction volumes are pretty stable, and it’s unclear why they need this liquidity. With impending stablecoin regulations and the persistent lack of a third-party audit, these mintings engendered
The European Central Bank (ECB), as part of its preparation phase for a potential digital euro launch, announced framework agreements with technology providers responsible for components of the central bank digital currency (CBDC). In a Thursday notice, the ECB said it had reached agreements with seven entities — and at least one more expected to
Coinbase is piloting $12,000 USDC transfers in New York, testing whether stablecoins can deliver aid to low-income households more efficiently. Summary Coinbase and GiveDirectly launched Future First in New York, where 160 low-income residents are set to get $12,000 in USDC over five months. Payments are structured as an $8,000 initial transfer followed by five
Key Takeaways NVIDIA surpassed $190 per share for the first time, indicating strong investor confidence. The company’s market capitalization now exceeds $4.6 trillion, underlining its dominant position in the semiconductor and AI industry. NVIDIA, a leading developer of AI chips, topped $190 per share for the first time today, marking a new milestone for the
Russia is creating a cryptocurrency infrastructure of its own, with the country’s crypto sector pushing the government to finalize it faster. According to a top representative of the Russian finance ministry, its elements should serve not just the recently regulated mining industry, but other crypto-related activities as well. Moscow to underpin Russian crypto market with