ChainCatcher news, according to a letter from the Securities Industry and Financial Markets Association (SIFMA) to the SEC's cryptocurrency working group, opposing the requests from crypto companies like Coinbase and Kraken for exemptions to issue tokenized stocks. SIFMA stated that the related requests are "seriously concerning" and urged the SEC to gather public input through an open process to avoid rapid approvals in an opaque manner.SIFMA emphasized that such significant policies should not be handled directly through "no-action" or exemption forms. The association also questioned whether the SEC can regulate unregistered entities and protect investors' rights.

ChainCatcher news, according to official sources, BounceBit plans to offer tokenized stock trading to users in the fourth quarter of this year.The official statement indicates that from the day of its listing, BounceBit's tokenized stocks will connect to DeFi, supporting spot trading, DEX liquidity, collateral in lending protocols, use in structured yield strategies, and re-staking.

ChainCatcher news, according to CoinDesk, digital brokerage Robinhood (HOOD) announced on Monday that it will expand its cryptocurrency business through a series of new initiatives, including the development of its own blockchain network based on Arbitrum and the launch of tokenized stock trading.The company today launched a tokenized stock product based on the Ethereum Layer 2 network Arbitrum for European users, covering over 200 U.S. stocks and ETFs, supporting trading around the clock on weekdays. Robinhood stated in a press release that this move will upgrade its European crypto application to a "crypto-driven all-in-one investment platform."Robinhood also confirmed that it is building a Layer 2 blockchain network optimized for tokenized assets. This new chain, based on the Arbitrum technology stack, aims to support round-the-clock trading, self-custody, and cross-chain transfers of tokenized assets. While a specific launch date has not been announced, insiders revealed that it may be launched by the end of this year or early next year.

ChainCatcher news, according to market news, Robinhood EU will launch tokenized stock trading services, including private equity.

ChainCatcher news, according to The Wall Street Journal, the cryptocurrency exchange platform Kraken will launch over 50 tokenized stocks and ETFs, including stocks of Apple, Tesla, and Nvidia, initially in Europe, Latin America, Africa, and Asia.

ChainCatcher news, according to Forbes, "Solana's version of MicroStrategy" Canadian-listed company SOL Strategies announced that it has signed a non-binding memorandum of understanding with fintech company Superstat, planning to explore the issuance of tokens representing common stock on the Solana blockchain through the Superstate platform.SOL Strategies stated that this move aligns with its mission to build institutional-grade infrastructure within the Solana ecosystem, aimed at enhancing market transparency and efficiency. However, the project is currently in the preliminary exploration stage and has not yet engaged with Canadian securities regulators or the Canadian Securities Exchange (CSE), with no clear timeline and no specific direct impact on existing shareholders.

ChainCatcher news, according to Bloomberg citing informed sources, Robinhood Markets Inc. is developing a blockchain-based platform that allows European retail investors to trade U.S. tokenized stocks. The joint venture may be launched in partnership with a digital asset company.Informed sources revealed that both Arbitrum and Solana are considering collaboration. One source stated that negotiations are still ongoing and no final agreement has been reached yet.

ChainCatcher news, according to Cointelegraph, Kraken co-CEO Arjun Sethi stated that as the exchange deepens its expansion into the integration of traditional finance and cryptocurrency, the scale of tokenized stocks will surpass that of stablecoins.

ChainCatcher news, according to CoinDesk, after a major group approved guidelines for the use of tokenized money market funds with the support of the U.S. Commodity Futures Trading Commission (CFTC), companies like BlackRock and Franklin Templeton may see their tokenized shares of money market funds used for trading.According to two informed sources, a subcommittee of the CFTC Global Markets Advisory Committee voted to submit these recommendations to the full committee, which is expected to vote on the proposals later this year. The report did not disclose specific recommendations, but the mere act of sending the proposals to the full committee can be seen as a next step.