Latest news with #tokenizedsecurities
Yahoo
21-07-2025
- Business
- Yahoo
Citadel Securities Asks SEC to Tread Cautiously on Tokenization
(Bloomberg) -- Citadel Securities wants the US Securities and Exchange Commission to proceed more slowly on allowing 'tokenized' securities to take off. Why the Federal Reserve's Building Renovation Costs $2.5 Billion Milan Corruption Probe Casts Shadow Over Property Boom Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom How San Jose's Mayor Is Working to Build an AI Capital SEC Chairman Paul Atkins has spoken recently about streamlining traditional securities rules to help companies offer tokenized securities. The result could be investor confusion and an uneven playing field for exchanges and publicly traded companies, Citadel Securities said in a comment letter sent Monday to the SEC's Crypto Task Force. A tokenized security is a digital representation of a security — but not direct title to the asset itself — that can be traded on a blockchain network, rather than in a brokerage account. By cutting stocks or other assets into smaller pieces, they can be more affordable to own. Formal Process In theory almost anyone could tokenize shares, but there's greatest interest in doing so from issuers directly or from digital asset platforms, who would then offer them to investors. 'Tokenized securities must achieve success by delivering real innovation and efficiency to market participants, rather than through self-serving regulatory arbitrage,' the market-making firm said in its letter. Instead, the SEC should move forward on tokenization through a formal rule-making process, Citadel Securities said. The SEC declined to comment, 'beyond what the chairman had said publicly on this topic,' a spokesperson said via email. Proponents of tokenizing popular stocks say putting those assets on a blockchain would allow for round-the-clock trading, instant settlement, enhanced liquidity and the purchase of fractional shares of nearly any tokenized stock. Citadel Securities said the SEC should carefully consider how such a move might deflate an already sluggish market for initial public offerings by giving privately held companies another alternative to raise capital. The development, which has support from digital asset exchanges like Coinbase Global Inc. and Robinhood Markets Inc., could 'siphon liquidity away' from equity markets, 'creating new liquidity pools that are inaccessible' to institutional players like pensions, endowments, banks and other firms whose risk management policies or fiduciary obligations prevent them from joining the fray, the market maker said. Atkins has spoken broadly about his support for innovation in financial markets, including through the burgeoning digital assets industry, which notched its first major regulatory win last week with the enactment of landmark stablecoin legislation. Stablecoins are digital assets tied to US dollars or other low-volatility assets and are intended to be used to facilitate payments. Elon Musk's Empire Is Creaking Under the Strain of Elon Musk A Rebel Army Is Building a Rare-Earth Empire on China's Border Thailand's Changing Cannabis Rules Leave Farmers in a Tough Spot How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All What the Tough Job Market for New College Grads Says About the Economy ©2025 Bloomberg L.P. 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
Bloomberg
21-07-2025
- Business
- Bloomberg
Citadel Securities Asks SEC to Tread Cautiously on Tokenization
Citadel Securities wants the US Securities and Exchange Commission to proceed more slowly on allowing 'tokenized' securities to take off. SEC Chairman Paul Atkins has spoken recently about streamlining traditional securities rules to help companies offer tokenized securities. The result could be investor confusion and an uneven playing field for exchanges and publicly traded companies, Citadel Securities said in a comment letter sent Monday to the SEC's Crypto Task Force.
Zawya
17-07-2025
- Business
- Zawya
Bitget loins Ondo's Global Markets Alliance to expand global access to over hundred tokenized RWAs
Bitget, the leading cryptocurrency exchange and Web3 company, has officially joined the Global Markets Alliance, a collaborative initiative designed to align industry standards and promote interoperability for tokenized securities by Ondo Finance. This alliance brings together top players across the digital asset ecosystem to accelerate the adoption and accessibility of tokenized real-world assets (RWAs), including tokenized stocks, ETFs, and more. As part of this partnership, Bitget users will soon be able to access over 100 tokenized U.S. equities, ETFs, and money market funds, expanding their investment universe beyond traditional crypto assets. The new offerings will go live on Bitget later this summer, aligning with the platform's vision of enabling users to trade smarter and build diversified, resilient portfolios across varied markets. Tokenized RWAs are an emerging segment in digital assets, created by the fusion of traditional finance and blockchain technology. By wrapping real-world assets, like equities, into blockchain-based tokens, they allow for 24/7 trading, lower barriers to entry, fractional ownership, and global accessibility. Features that are often limited or entirely unavailable in traditional financial systems are widely utilized. 'Tokenization will be the major driver of the next phase of digital asset adoption; its market is projected to reach trillions of dollars in the coming years. Supporting tokenized stocks is a step closer to our goal to help users trade smarter,' said Gracy Chen, CEO at Bitget. 'Through our partnership with Ondo and the Global Markets Alliance, we're contributing to a more global, liquid, accessible, and inclusive financial market.' Ondo's Global Markets Alliance was created to bring together trusted infrastructure partners, exchanges, custodians, and DeFi platforms to unlock borderless access to high-quality financial products. Its mission is to build a more open, inclusive, and interoperable financial system powered by tokenized assets. Founding members of the alliance include industry leaders such as Solana Foundation, LayerZero, Jupiter, Trust Wallet, Rainbow Wallet, BitGo, Fireblocks, 1inch, Alpaca, and now Bitget, among others. 'Bringing Ondo's tokenized stocks and ETFs to Bitget will represent a significant step forward in our mission to make global financial markets accessible onchain. Bitget's expansive user base will become a critical platform for onchain access to US equities as we continue building the infrastructure for institutional-grade onchain capital markets.' — Nathan Allman, CEO & Founder, Ondo Finance With over 700 tokens listed and daily trading volume surpassing 3.5 billion USDT, Bitget ranks as the third-largest spot exchange globally according to CoinGecko. The addition of tokenized stocks and ETFs enable Bitget as an extensive ecosystem of crypto products, helping users navigate both digital and traditional assets.
Associated Press
17-07-2025
- Business
- Associated Press
Bitget Joins Ondo's Global Markets Alliance to Expand Global Access to Over Hundred Tokenized RWAs
VICTORIA, Seychelles, July 17, 2025 (GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has officially joined the Global Markets Alliance, a collaborative initiative designed to align industry standards and promote interoperability for tokenized securities by Ondo Finance. This alliance brings together top players across the digital asset ecosystem to accelerate the adoption and accessibility of tokenized real-world assets (RWAs), including tokenized stocks, ETFs, and more. As part of this partnership, Bitget users will soon be able to access over 100 tokenized U.S. equities, ETFs, and money market funds, expanding their investment universe beyond traditional crypto assets. The new offerings will go live on Bitget later this summer, aligning with the platform's vision of enabling users to trade smarter and build diversified, resilient portfolios across varied markets. Tokenized RWAs are an emerging segment in digital assets, created by the fusion of traditional finance and blockchain technology. By wrapping real-world assets, like equities, into blockchain-based tokens, they allow for 24/7 trading, lower barriers to entry, fractional ownership, and global accessibility. Features that are often limited or entirely unavailable in traditional financial systems are widely utilized. 'Tokenization will be the major driver of the next phase of digital asset adoption, its market is projected to reach trillions of dollars in the coming years. Supporting tokenized stocks is a step closer to our goal to help users trade smarter,' said Gracy Chen, CEO at Bitget. 'Through our partnership with Ondo and the Global Markets Alliance, we're contributing to a more global, liquid, accessible, and inclusive financial market.' Ondo's Global Markets Alliance was created to bring together trusted infrastructure partners, exchanges, custodians, and DeFi platforms to unlock borderless access to high-quality financial products. Its mission is to build a more open, inclusive, and interoperable financial system powered by tokenized assets. Founding members of the alliance include industry leaders such as Solana Foundation, LayerZero, Jupiter, Trust Wallet, Rainbow Wallet, BitGo, Fireblocks, 1inch, Alpaca, and now Bitget, among others. 'Bringing Ondo's tokenized stocks and ETFs to Bitget will represent a significant step forward in our mission to make global financial markets accessible onchain. Bitget's expansive user base will become a critical platform for onchain access to US equities as we continue building the infrastructure for institutional-grade onchain capital markets.' — Nathan Allman, CEO & Founder, Ondo Finance With over 700 tokens listed and daily trading volume surpassing 3.5 billion USDT, Bitget ranks as the third-largest spot exchange globally according to CoinGecko. The addition of tokenized stocks and ETFs enable Bitget as an extensive ecosystem of crypto products, helping users navigate both digital and traditional assets. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world's most thrilling championships. Risk Warning: A photo accompanying this announcement is available at
Finextra
16-07-2025
- Business
- Finextra
Bitget joins Global Markets Alliance to promote tokenisation
Bitget, the leading cryptocurrency exchange and Web3 company, has officially joined the Global Markets Alliance, a collaborative initiative designed to align industry standards and promote interoperability for tokenized securities by Ondo Finance. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This alliance brings together top players across the digital asset ecosystem to accelerate the adoption and accessibility of tokenized real-world assets (RWAs), including tokenized stocks, ETFs, and more. As part of this partnership, Bitget users will soon be able to access over 100 tokenized U.S. equities, ETFs, and money market funds, expanding their investment universe beyond traditional crypto assets. The new offerings will go live on Bitget later this summer, aligning with the platform's vision of enabling users to trade smarter and build diversified, resilient portfolios across varied markets. Tokenized RWAs are an emerging segment in digital assets, created by the fusion of traditional finance and blockchain technology. By wrapping real-world assets, like equities, into blockchain-based tokens, they allow for 24/7 trading, lower barriers to entry, fractional ownership, and global accessibility. Features that are often limited or entirely unavailable in traditional financial systems are widely utilized. 'Tokenization will be the major driver of the next phase of digital asset adoption, its market is projected to reach trillions of dollars in the coming years. Supporting tokenized stocks is a step closer to our goal to help users trade smarter,' said Gracy Chen, CEO at Bitget. 'Through our partnership with Ondo and the Global Markets Alliance, we're contributing to a more global, liquid, accessible, and inclusive financial market.' Ondo's Global Markets Alliance was created to bring together trusted infrastructure partners, exchanges, custodians, and DeFi platforms to unlock borderless access to high-quality financial products. Its mission is to build a more open, inclusive, and interoperable financial system powered by tokenized assets. Founding members of the alliance include industry leaders such as Solana Foundation, LayerZero, Jupiter, Trust Wallet, Rainbow Wallet, BitGo, Fireblocks, 1inch, Alpaca, and now Bitget, among others. 'Bringing Ondo's tokenized stocks and ETFs to Bitget will represent a significant step forward in our mission to make global financial markets accessible onchain. Bitget's expansive user base will become a critical platform for onchain access to US equities as we continue building the infrastructure for institutional-grade onchain capital markets.' — Nathan Allman, CEO & Founder, Ondo Finance With over 700 tokens listed and daily trading volume surpassing 3.5 billion USDT, Bitget ranks as the third-largest spot exchange globally according to CoinGecko. The addition of tokenized stocks and ETFs enable Bitget as an extensive ecosystem of crypto products, helping users navigate both digital and traditional assets.
