Nasdaq $NDAQ partners with Kraken to launch tokenized stocks
WSJ says the framework is expected in early 2027, with token holders getting the same governance rights as owners of the underlying shares.
Kraken would distribute them to customers outside the U.S.
“Technological diffusion has historically followed an S-curve. Early adoption is slow and expensive. Growth accelerates as costs fall, and complementary infrastructure develops. Eventually, saturation sets in, and the marginal adopter is less productive or less profitable which causes growth to decelerate.
Despite this – markets often extrapolate the acceleration phase linearly”
JPMORGAN CHASE EYES CRYPTO TRADING FOR INSTITUTIONAL CLIENTS
JPMorgan Chase & Co. is exploring cryptocurrency trading for institutional clients, including spot and derivatives products. The initiative, still in early stages, aims to meet growing client interest following recent changes in U.S. crypto regulations. Any offerings will depend on demand, risk assessment, and regulatory feasibility. The plans are not yet public, and a JPMorgan spokesperson declined to comment.
🚨NEW: Big news from the @federalreserve today: It’s withdrawing its 2023 guidance that effectively blocked uninsured banks from becoming Fed members and engaging in crypto.
This guidance underpinned the Fed’s denial of @custodiabank’s master account.
🚨 JUST IN: 🇺🇸 Senate Banking Committee confirms Bitcoin and crypto market structure bill will not advance in 2025
Markup now expected in early 2026
h/t @EleanorTerrett
BIPARTISAN ATTORNEYS GENERAL WARN ‘DELUSIONAL’ AI CHATBOT OUTPUTS MAY VIOLATE STATE LAWS -LETTER
META, APPLE, MICROSOFT, GOOGLE OPENAI AMONG 13 COMPANIES THAT RECEIVED WARNING LETTER