SEC Approves Nasdaq’s Tokenized Securities Trading Pilot
The SEC approved Nasdaq’s rule change to enable tokenized versions of certain securities to trade on its exchange.
Applies to Russell 1000 stocks and ETFs tracking S&P 500 and Nasdaq-100 indices.
Tokenized shares trade on the same order book with identical prices, tickers, CUSIP numbers and investor rights.
Settlement occurs through the Depository Trust Company’s (DTC) tokenization pilot for eligible participants only.
Appr…
US Wholesale Inflation Surges as PPI Hits 3.4% Annual High Ahead of Fed Decision
The Producer Price Index (PPI) for final demand increased 0.7% in February, significantly outstripping the 0.3% consensus forecast.
On an annual basis, headline wholesale inflation rose to 3.4%, the highest…
Bitcoin Outperforms Gold and Stocks as Geopolitical Stress Tests ‘Safe-Haven’ Narratives
Bitcoin has decoupled from gold, gaining approximately 7% to 9% since the start of the Iran conflict on Feb. 28, while gold fell nearly 3.7%.
The Federal Reserve’s hawkish hold on March 18, which kept rates…
Tim Scott Signals Potential Breakthrough for Stalled US Crypto Market Structure Bill
Senator Tim Scott anticipates receiving a first draft proposal on stablecoin yield language this week.
The Senate’s crypto market structure bill has gained momentum after stalling since January over yield payments and other provisions.
Negotiations also address DeFi rules, ethics, AML regulations, and quorum issues.
Progress follows the House passage of the CLARITY Act and Senate Agriculture Committee markup sent to the floor in J…
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