Nasdaq, NYSE and LSEG are building tokenized stock businesses around different commercial bets. We compare their approaches to shareholder rights, settlement, extended trading and crypto-native distribution and what those choices reveal about the customers they want to reach.
What does 1,000% surge in a single product category signal about the future of exchanges? We unpack the numbers, acquisition strategy and ownership logic behind the Robinhood and Crypto.com partnership and the opportunity to earn beyond crypto trading.
The SEC’s transfer agent proposal could bring blockchain into official securities ownership records. This Strategic Edge note examines what the reforms enable for tokenized securities and digital-asset transfer agents—and what remains unresolved around identity, ledger control, regulatory access and transfer finality...
Digital assets are pushing global markets towards a 24/7, always-on system. Bank of England's latest paper on extending settlement hours is one of the clearest signals yet of where this is heading...
The Markets and Trading Division of SEC just clarified that eligible USD payment stablecoins held by broker-dealers will face a 2% haircut under SEC Rule 15c3-1.
