TD Cowen sees weak demand for tokenized stocks despite new SEC trading rules

·3 views

Investment bank TD Cowen has expressed skepticism about the prospects for tokenized stocks, forecasting limited investor demand in the near term. This comes even as the U.S. Securities and Exchange Commission has introduced new rules that allow such assets to be traded outside traditional market infrastructure. Tokenized stocks are blockchain-based digital representations of conventional equity shares. Despite the regulatory opening, TD Cowen believes the market conditions are not yet ripe to drive significant adoption of these instruments.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Crypto PAC Fairshake commits $30M to block Sherrod Brown's Senate return

Crypto-backed political action committee Fairshake has pledged $30 million to oppose Senator Sherrod Brown's upcoming Senate bid. This marks the largest single campaign expenditure by the crypto industry's political arm in the 2026 election cycle. The move mirrors Fairshake's 2024 playbook, when it spent $40 million against Brown in what was then its biggest-ever campaign outlay. Brown, a prominent skeptic of the cryptocurrency industry, has long been a target of crypto-aligned political groups. The repeated targeting of Brown underscores the industry's sustained effort to unseat one of its most vocal critics in Congress.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

ECB Develops System to Connect Payment Infrastructure With Blockchain Markets

The European Central Bank has introduced a new system designed to bridge its existing payment infrastructure with blockchain-based financial markets. The initiative reflects the ECB's growing interest in integrating distributed ledger technology into traditional central banking operations. As part of this effort, the ECB plans to use its own funds to purchase tokenized bonds. The move signals a significant step by a major central bank toward engaging directly with digital asset markets. This development could have broad implications for how central banks interact with emerging tokenized financial instruments.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Senate's Failure to Pass Clarity Act Seen as Win for Banks and Offshore Crypto Hubs

The U.S. Senate's decision not to pass the Clarity Act has drawn mixed reactions from financial and legal experts. One expert argues that traditional banks are among the biggest beneficiaries, as they have strongly opposed the inclusion of stablecoin yields in any regulatory framework. A global crypto lawyer contends that offshore jurisdictions, including Dubai, stand to gain as crypto businesses may seek more favorable regulatory environments abroad. The bill's failure leaves the U.S. stablecoin regulatory landscape uncertain, potentially pushing crypto activity beyond American borders.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitmine Adds $75M in Ether as Institutions Seen Underweight Crypto

Bitmine, the largest Ethereum-focused treasury company, purchased $75 million worth of Ether in a continued buying spree. Chairman Tom Lee argued that institutions remain significantly underexposed to cryptocurrency assets. Lee suggested that Ethereum's strong performance in the third quarter could serve as a catalyst for greater institutional investment. The move reflects growing corporate confidence in ETH as a treasury asset amid broader crypto market momentum.

0 comments Read more at CoinDesk