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first_img Robinhood Chain saw over 17% of tokenized stocks locked in Meme coin trading pairs, with 31% of the trading volume coming from Meme coin pairs

DeFiprime founder Nick Sawinyh analyzed that the Meme coin issuance platform on the Robinhood Chain is massively using tokenized stocks as paired assets. As of September 1, approximately 17.2% of the on-chain supply of 19 high liquidity Robinhood stock tokens is locked in 432 pools that use stock tokens as quoted assets, contributing 31.3% of the DEX trading volume of related stock tokens in the past 24 hours. The four issuance platforms Long, Bankr, Flap, and PAIR have set stock-paired Meme coins as default products.Among them, the AI/NVDA pool holds 8,783 NVDA (accounting for 16.2% of the total on-chain tokenized NVDA), with a 24-hour trading volume of about $6.2 million; the BONER/HIMS pool holds 37,172 HIMS (accounting for 50.4% of the total HIMS on the chain), with a trading volume of about $12.5 million. This mechanism has led to significant premiums for some tokenized stocks over the weekend (when issuers cannot issue more), with HIMS once trading at a premium of 112% compared to the NYSE closing price. The TVL of the Robinhood Chain has nearly doubled since August 1 to $740 million, with on-chain DEX daily trading volume reaching $1.49 billion on August 31. The analysis points out that 9 stock tokens have an on-chain circulating market value of less than $1.5 million, and a single Meme coin pool can absorb a large proportion of the circulating supply. This analysis is based on specific block snapshot data, with prices and pool balances changing rapidly.

Gate Europe CEO: Blockchain is reconstructing the underlying financial infrastructure

Gate Europe CEO Dr. Giovanni Cunti posted on LinkedIn that with the rapid proliferation of on-chain financial activities, the technological paradigm of blockchain is expanding from a singular digital asset to the underlying infrastructure of financial markets. In core scenarios such as clearing and settlement, process automation, and cross-market connectivity, blockchain can integrate transaction data into a unified shared ledger and endow it with programmable features, significantly reducing the connection costs between systems and redundant operational processes.Dr. Giovanni Cunti emphasized that the potential of blockchain is by no means limited to the assets themselves. As technology becomes deeply intertwined with the financial system, its empowerment in clearing, automation, and connectivity will drive the construction of a more efficient and closely-knit global financial ecosystem. In the face of investors' growing demand for diverse asset classes and cross-border allocations, financial infrastructure must possess stronger cross-market interoperability. Blockchain can achieve efficient collaboration among market participants and business processes by sharing data and logical code while being compatible with existing financial facilities.He also pointed out that Europe's increasingly clear regulatory framework for digital assets provides solid support for the integration of blockchain into the mainstream financial system. Relying on the MiCA and dual licensing system for payment institutions (PI), Gate Europe will continue to explore the pathways for blockchain to empower real financial activities, creating more compliant and inclusive digital asset services for the European market.

first_img The London Stock Exchange collaborates with Kraken's parent company Payward to tokenize UK large-cap stocks on the blockchain

The London Stock Exchange (LSEG) and Payward, the parent company of the cryptocurrency exchange Kraken, announced a partnership to bring stocks of the largest listed companies in the UK onto the blockchain. In the coming weeks, the stocks of the top 100 companies listed on the LSE will be available on Payward's xStocks tokenized stock framework. These xStocks are tokens that correspond one-to-one with the underlying stocks, allowing for 24/7 trading on centralized exchanges, self-custody wallets, and on-chain applications.This initiative continues the rapidly expanding framework of Payward. Over the past year, the cumulative trading volume of xStocks has exceeded $40 billion, with nearly $20 billion settled on-chain, and more than 200,000 product holders. Through the blockchain channel, UK-listed stocks will be able to reach investor groups in over 110 countries, although xStocks are currently not available to domestic UK investors.Subject to regulatory approval, the LSE plans to list and support xStocks trading on its newly launched 24-hour trading platform, LSE 24, and will gradually cover tokenized stocks and more asset classes in the US, EU, UK, and Hong Kong. Both parties also stated that they will explore stock tokens issued natively by the LSE, allowing LSE members to issue and service stocks directly on-chain, with the same full interchangeability and rights as traditional stocks. Payward Co-CEO Arjun Sethi stated that for years, people have assumed that crypto and traditional finance must collide and one side would lose, but that has never been the real story;
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