Focus on SEC regulated tokenized equities in the United States.
Whoever wins this, wins it all.
Everything else is noise.
If you own a share of stock today via a broker-dealer, you're probably not on the company's books. Cede & Co., which is owned by DTC, is.
Yesterday, Securitize submitted a comment letter to the SEC on DTC's proposal to modernize the Direct Registration System (DRS), the process for moving shares from Cede & Co. to the transfer agent's books and records, and we strongly support it.
DTC wants to cut the time it takes to move shares via DRS into an investor's own name from days to minutes. That matters a lot for tokenization. It's the on-ramp to issuer-sponsored tokens, where the investor is the registered owner of the real security, on-chain. Not an IOU.
In our letter, we asked DTC to take it one step further: let investors move from a DTC token into a directly registered token in a single step. We also asked for published processing times and the same speed in both directions.
Do that, and moving between street name and a directly registered token becomes even faster and simpler, in both directions. Tokenization works best when investors can do so without friction.
Great work by @SecuritizeBilly and our team. Letter below
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Introducing Link balance. You can now give your agent a balance to spend on your behalf, even when you’re away or busy.
• Purchase concert tickets while you’re asleep.
• Buy your favorite shoes when the price drops.
• Order your entire shopping list with one prompt.
You choose how much money to add and set your own limits, your agent does the rest. Rolling out now to @Instinct users in eligible US regions.
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hello @tryfomo
long religion + short university degrees
who is building this investment strategy?
First they ignore you, then they laugh at you, then they fight you, then all stocks are onchain
We can all agree on this!
nothing more spooky than traditional stocks still trading the same hours they did in 1985
Bullish on self-driving wealth with @getaxal.
Everyone is talking about this anti-tokenization @WSJ ad.
This should be a wakeup call for the industry to become more serious and tokenize assets under the rules / guidance of the SEC instead of launching synthetic (fake) products.
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DATs are BACK
🔥 TODAY: BNB Standard rang the NASDAQ opening bell, with CZ.
72 hrs in Miami for a buddy's wedding and let me tell you I get the appeal.
Any token that does not represent direct ownership of an underlying stock 100% of the time, should not be called a stock.
It is synthetic access to the price action of a stock.
Everyone is talking about this anti-tokenization @WSJ ad.
This should be a wakeup call for the industry to become more serious and tokenize assets under the rules / guidance of the SEC instead of launching synthetic (fake) products.
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This ad is misleading; it mixes tokenization with how it is done and where those tokens trade. None of those concerns apply to proper tokenization done in the US under SEC regulations and traded on regulated venues. This is the damage that offshore synthetics are doing to the industry and the backlash they are creating. I see this as a tailwind for companies like ours doing it the right way, which was never easy, but it's a durable long-term business model.
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being early is just being wrong for a really long time
We learn so much from failures but people only post their successes.
Full transparency accelerates the learning curve because you learn from all successes and failures from everyone in the network.
Office visit to @Solana NY HQ
25 days until @Solana Breakpoint
With @Securitize leading the pack at >$1.1B
There's now a dozen RWA on Solana with >$100 million
including @jpmorgan OnChain MMF
