Latest news with #tokenizedfinance
Associated Press
5 days ago
- Business
- Associated Press
PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Partners With Intellistake on Bitcoin Treasury Initiative
LOS ANGELES, CA - August 13, 2025 ( NEWMEDIAWIRE ) - Disseminated on behalf of PowerBank Corporation PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a leader in clean energy infrastructure, has entered a strategic partnership with Intellistake Technologies Corp. (CSE: ISTK) to pursue initiatives at the intersection of digital assets, energy and tokenized finance. The collaboration includes establishing a Bitcoin-based Digital Asset Treasury Program, with Intellistake providing custody and treasury management support, and exploring the tokenization of PowerBank's clean energy assets or shares as a financing alternative. PowerBank CEO Dr. Richard Lu said the partnership aims to bridge traditional energy infrastructure with the emerging digital economy as institutions move toward tokenized real-world assets. Intellistake CEO Jason Dussault called tokenization 'an inevitability,' aligning the effort with forecasts projecting the RWA ('Real-World Assets') market to reach $30 trillion by 2034. To view the full press release, visit About PowerBank PowerBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The Company develops solar and Battery Energy Storage System (BESS) projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built. To learn more about PowerBank, please visit . This report contains forward-looking information. Please refer to for additional details. Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: Forward Looking Statements Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading 'Risk Factors' discussed under the caption 'Item 1A. Risk Factors' in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption 'Item 1A. Risk Factors' in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law.
Yahoo
14-07-2025
- Business
- Yahoo
Tom Lee: Ethereum, Not Solana, Is The 'Preferred Choice' For JP Morgan, Robinhood, Circle To Build On
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Ethereum's (CRYPTO: ETH) dominance in the tokenized finance sector isn't slowing down and according to Fundstrat's Tom Lee, it has already become Wall Street's go-to blockchain infrastructure, leaving Solana (CRYPTO: SOL) behind in key institutional use cases. Speaking to CNBC on Thursday, Lee made it clear that Ethereum's recent outperformance and adoption by financial giants point to a deeper shift. "There is really a rediscovery of Ethereum taking place," he said, citing its role in powering stablecoins and tokenized assets that now account for more than 60% of Ethereum's network usage. Don't Miss: Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — Now Raising at $3/Share Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Back a bold new approach to cancer treatment with high-growth potential. Lee emphasized Ethereum's position as a technology platform, not just a digital asset like Bitcoin. "Ethereum is like the preferred choice for Wall Street. It already is more than 60% of all the tokenized real-world assets, and that share is growing," he explained. With entities like JPMorgan (NYSE:JPM) and Robinhood (NASDAQ:HOOD) building stablecoin and tokenization infrastructure on Ethereum, the trend appears to be solidifying. When asked whether Solana could disrupt Ethereum's lead, Lee acknowledged the competition but pointed to adoption patterns. "JP Morgan's stablecoin is built on Ethereum. Robinhood is building their tokenizing business on Ethereum. As a layer one, Ethereum is already entrenched." He also pointed to macro growth drivers, noting that Treasury Secretary Janet Yellen's projection of stablecoins surpassing $2 trillion in value would massively expand Ethereum's usage footprint. Lee's remarks come amid broader institutional interest in Ethereum, including from his own company, Bitmine Emergent Technologies (AMEX:BMNR), where he now serves as chairman. Bitmine has raised significant capital to acquire Ether, betting on its long-term role in the financial system. Read Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock This article Tom Lee: Ethereum, Not Solana, Is The 'Preferred Choice' For JP Morgan, Robinhood, Circle To Build On originally appeared on Sign in to access your portfolio
Yahoo
03-07-2025
- Business
- Yahoo
Spot Ethereum ETFs Could See Explosive Growth in H2 2025, Says Bitwise CIO
The Ether (ETH) price surged to $2,601 on July 2, capping a breakout that began after 16 hours of tight consolidation, according to CoinDesk Research's technical analysis model. The move coincided with growing institutional focus on Ethereum's emerging role as a platform for tokenized financial products, as well as continued momentum in spot ETF inflows. On June 30, Robinhood confirmed via X that it is building 'Robinhood Chain' on Arbitrum to 'power the future of asset ownership.' While the company did not specify a timeline for launch, its decision to build on Ethereum's leading Layer-2 solution reinforces the network's position at the center of tokenized finance. The Ethereum Foundation amplified this narrative in a response that read: 'Ethereum is for tokenized stocks.' Building on this theme, Bitwise CIO Matt Hougan offered a bullish forecast on July 2. Responding to the Ethereum Foundation's post, Hougan said: 'Flows into Ethereum ETFs are going to accelerate significantly in H2. The combination of stablecoins & stocks moving over Ethereum is an easy-to-grasp narrative for traditional investors.' He noted that Ethereum ETFs attracted $1.17 billion in net inflows in June alone and suggested the second half of 2025 could see a much larger total if investor interest accelerates. Analysts say the convergence of stablecoins, tokenized equities, and staking on Ethereum creates a compelling use case for institutional capital. As staking locks up nearly 30% of ETH's supply and Layer-2 usage accelerates, Ethereum is increasingly being positioned as the foundational layer for real-world asset tokenization. Market participants are now watching the $2,800 level as the next resistance zone, which, if breached, could reinforce the bullish momentum heading into the second half of the year. Technical Analysis Highlights ETH climbed from $2,413 to $2,570 during the 24-hour window ending July 2 at 18:00 UTC, marking a 6.49% surge. Consolidation between $2,380.83 and $2,460.27 lasted 16 hours before a breakout began at 14:00 UTC. During the 16:00 hour, ETH gained 2.44% with volume 3.5x the 24-hour average. Strong support formed at $2,554.06, with buyers maintaining control despite profit-taking. In the final hour (17:40 to 18:39 UTC), ETH rose from $2,560.29 to $2,577.0 — up 0.65% with a 30% volume spike. Higher lows and a strong close near session highs indicate continued bullish momentum. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
