Magic Circle

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[Magic Circle @MagicCircleTech]

Nasdaq just filed to bring tokenized equities into the core.
Same rights, same rails — now with optional blockchain settlement.

It’s a milestone.
But if your token can’t travel, it’s not infrastructure.
It’s UI.
https://t.co/UJwpVPhgJT
#RWA #Tokenization #Nasdaq #SecurityTokens

[朝倉智也(Tomoya Asakura) @tomoyaasakura]

資産のトークン化について、朝倉氏は上場済み公開資産に加えIPや映画、絵画等のプライベートアセットも証券化され投資家が手軽に売買できる時代が来ると解説。一度その利便性を体感すれば元の市場に戻れない。気づけば多様な資産を持ち資本市場に参加している未来を展望した。https://t.co/vhdqAHPqjR

[Merida_Pan @MPan2018]

when we talk about an “ownership economy,” we are not imagining a world made only of stocks and ETFs, but a much richer capital landscape. In this landscape, when users interact with a game, a chain, an infrastructure layer, or a creator’s work, they are not just “customers” or “traffic,” but can gradually build up formal, legally recognized ownership in these systems through compliant STO / RWA mechanisms. #DigitalAssets #STO #ETF #a16z #Robinhood #RWA

[Magic Circle @MagicCircleTech]

Happy New Year! 🎍

Over the past year, we’ve learned again that Digital Securities / STO / RWA is not just about “putting assets on-chain” — it’s about redesigning rights, compliance, and infrastructure together so markets can scale with real trust.

In 2026, Magic Circle will keep building with issuers and partners across regions, treating compliance as alpha and technology as market infrastructure, to bring more secure, transparent participation to more people. ✨

Wishing you all a healthy and prosperous year ahead!🎉

[Magic Circle @MagicCircleTech]

Normalization of Crypto Regulation

Old: Restrictive "cages" (2019 Statement).
New: Traditional compliance.
Core: If it acts like a security, follow the existing rules.
#STO #RWA #Tokenization

https://t.co/odM3gStJuk

[Magic Circle @MagicCircleTech]

@MorningsMaria @SECGov @SECPaulSAtkins For anyone tracking U.S. regulation, it pulls together the main signals around #tokenization and #DigitalAssets market structure.

https://t.co/hLYEAdX3Yx

[Magic Circle @MagicCircleTech]

A summary based on SEC Chair @SECPaulSAtkins Atkins’ Dec 3, 2025 interview on Fox Business’ Mornings with @MorningsMaria — covering:

- T+2 → T+0 settlement
- Stablecoins as core infrastructure
- A new “innovation exemption”
- SEC × CFTC alignment

A compact way to see how the @SECGov now frames tokenization, stablecoins and on-chain settlement in one narrative 👇

🔗 Full article: https://t.co/QMvqWoHSRF

[Mornings with Maria @MorningsMaria]

SEC's Paul Atkins touts 'tokenization' as key to modernizing US markets as we return to the floor of the New York Stock Exchange @SECGov @SecPaulSAtkins

[Magic Circle @MagicCircleTech]

Tokenization is not a speculative trend—it is an architectural shift.
It aims to deliver faster markets, safer infrastructure, and restored investor trust.
Traditional finance and digital finance are converging, and early movers will benefit from structural advantages. #Tokenization #RWA #STO

[BlackRock @BlackRock]

Tokenization is shaping the next evolution of global markets. In @TheEconomist, Larry Fink and Rob Goldstein discuss how tokenization can modernize market infrastructure, enhancing efficiency, transparency, and access by connecting traditional and digital finance. Read more:

[Magic Circle @MagicCircleTech]

At Magic Circle, our vision of the ownership economy goes beyond just letting users trade stocks.

We believe the future lies in blending users, investors, and creators into the same role — where the people using a platform can also own a piece of its cash flows, whether it’s a game, a protocol, or an infrastructure layer.

Through STOs and RWAs, we’re building toward a world where ownership is not symbolic — it’s structural, legal, and real.

#OwnershipEconomy #STO #RWA #DigitalAssets #Web3 #fintech

[Magic Circle @MagicCircleTech]

In a recent conversation with @arampell and @eriktorenberg on #a16z’s The A16Z Show, @RobinhoodApp CEO @vladtenev reflected on the company’s tumultuous journey and outlined an ambitious path toward an “ownership economy.” @a16z

At @MagicCircleTech , we look at the same theme from the STO/RWA side: not only who can trade, but who can legally and structurally own real cash flows across infra, crypto-native, gaming, and creator economies.

We wrote up our take here 👇
https://t.co/4ARGJjMlQ5

#ownershipeconomy #STO #RWA #fintech #AI #tokenization #insumer

[Magic Circle @MagicCircleTech]

Robinhood’s story isn’t just about zero commissions or a slick mobile app.

Vlad’s core argument: if asset prices keep soaring while wages stagnate, social stability will depend on who actually gets to be an owner — not just a user or spectator.

Our write-up on Robinhood, AI, and the “ownership economy” 👇

#OwnershipEconomy #fintech #AI #inequality #STO #RWAs

[Magic Circle @MagicCircleTech]

In a recent conversation with @arampell and @eriktorenberg on #a16z’s The A16Z Show, @RobinhoodApp CEO @vladtenev reflected on the company’s tumultuous journey and outlined an ambitious path toward an “ownership economy.” @a16z

At @MagicCircleTech , we look at the same theme from the STO/RWA side: not only who can trade, but who can legally and structurally own real cash flows across infra, crypto-native, gaming, and creator economies.

We wrote up our take here 👇
https://t.co/4ARGJjMlQ5

#ownershipeconomy #STO #RWA #fintech #AI #tokenization #insumer

[Magic Circle @MagicCircleTech]

In a recent conversation with @arampell and @eriktorenberg on #a16z’s The A16Z Show, @RobinhoodApp CEO @vladtenev reflected on the company’s tumultuous journey and outlined an ambitious path toward an “ownership economy.” @a16z

At @MagicCircleTech , we look at the same theme from the STO/RWA side: not only who can trade, but who can legally and structurally own real cash flows across infra, crypto-native, gaming, and creator economies.

We wrote up our take here 👇
https://t.co/4ARGJjMlQ5

#ownershipeconomy #STO #RWA #fintech #AI #tokenization #insumer

[Magic Circle @MagicCircleTech]

Japan’s first U.S.-issued compliant STO is not an ETF.
It’s #PMN – Pivotal Mining Note:
• 3-year #BTC mining capacity, structured as a security token
• payouts in BTC itself, not just fiat
• launched on @joinrepublic

We unpack the full structure here 👇
https://t.co/HIi7yWekk7
#STO #RWA #Bitcoin #PMN #Republic #Japan #ETF #Mining

[Pivotal-ts @Pivotal_ts]

Japan is becoming a hub for compliant digital asset innovation.
PMN brings that vision global — structured in the U.S., powered by North American hashrate, and accessible to international investors. #Japan #Bitcoin #PMN #tokenization #Tokenized

[Magic Circle @MagicCircleTech]

Congrats to @joinrepublic and @INX_Group
— the full-stack for compliant RWA tokenization is taking shape.

From primary issuance to secondary trading, this alignment isn’t just strategic — it’s foundational.

Bridging creation and liquidity under one compliant roof will define the next chapter of digital markets.

At @MagicCircleTech , we’re committed to bringing more high-quality, meaningful projects to the global stage. Excited to build what’s next — together.

#RWAs #tokenization #STO #DigitalAssets #INX #Republic

[Republic Note @republicnote]

Republic now controls both sides: where RWAs are born and where they're traded.

Republic + @INX_Group completes the full stack

[Magic Circle @MagicCircleTech]

“We want to create more economic freedom and update the financial system.” — @brian_armstrong

True economic freedom comes from open, compliant, and on-chain markets —
where access to investment and wealth creation is no longer a privilege, but a right.

#Onchain finance isn’t just innovation. It’s financial redesign for everyone. #RWAs #STO #tokenization

[John Squire 🇺🇸 @TheCryptoSquire]

🇺🇸 COINBASE CEO SAID LIVE ON CNBC THAT $100 TRILLION OF CAPITAL AND CREDIT MARKET CAN BE REBUILT ON #XRP AND CRYPTO

WE’RE “UPDATING FINANCIAL SYSTEM”

[Magic Circle @MagicCircleTech]

Japan’s regulators rightly restrict crypto ETFs due to investor protection concerns. #JFSA
Yet at the same time, public companies like #metaplanet can issue new shares or debt to buy Bitcoin as their sole asset — essentially functioning as “proxy ETFs” in disguise.

📉 Same exposure, different rules.
📈 One is banned as a product, the other is listed on exchanges.

This highlights a deeper issue:
Regulation must be based on how risk is transmitted — not just what form it takes.

Transparency, alignment, and governance standards should apply regardless of whether risk comes through a token, a trust, or a listed shell. #Bitcoin #ETF

https://t.co/5cPNCQry3I

[Douglas Borthwick @DCBorthwick]

Stablecoins aren't just crypto—they're the payment rails for digital securities.

$284 billion market. USDC vs USDT.

The infrastructure bridge between TradFi and blockchain that actually works.

Listen now:
https://t.co/GremzhVrB9

[Magic Circle @MagicCircleTech]

Excellent breakdown by @cromwellc of the real spectrum of tokenization: from issuer-led on-chain ownership, to tokenized receipts under regulated custody, to the more complex financial engineering wrappers that blur transparency and risk.

For public companies, blockchain is not a buzzword but a structural choice —between (1) on-chain share registries and (2) tokenized receipts backed by underlying shares held in regulated custody.

Either path demands more than technology: it requires clear governance, disclosure, and compliance standards.
That’s how #tokenization evolves from an experiment into market infrastructure —linking transparency, enforceability, and global accessibility in one framework.
#STOs #RWAs #Tokenized #OTC
https://t.co/eDEHirZGN6

[Magic Circle @MagicCircleTech]

Stablecoins quietly became the backbone of onchain finance.
In the past year, they processed $46T in volume — triple #Visa 's and nearing the #ACH network that powers U.S. banking.
Even on an adjusted basis, $9T flowed through #stablecoins in the last 12 months, up 87% from a year ago— 5× #PayPal, half of Visa.

This growth isn’t speculative — it’s infrastructure.
Stablecoins have become the global settlement layer for digital assets, #STOs, and #RWAs alike. 🌍⚖️

https://t.co/b3GrytkNIa

[Magic Circle @MagicCircleTech]

Regulation always lags innovation — but every delay shapes the next phase of digital markets.

The #SEC’s latest exemptive order shows a clear pattern: when rules are incomplete, enforcement must pause.

https://t.co/JMINrX8uZS

That same principle will guide the future of #STO and #RWA regulation worldwide.

In the next two years, we’ll see a shift from case-by-case enforcement to structured rulemaking — turning #tokenization from a legal gray zone into a regulated asset class.

The real opportunity lies in building compliant rails before liquidity arrives.
That’s where sustainable markets begin. ⚖️