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- Tokenized stock venue on Canton could beat OKX–ICE to first trade under SEC framework
- Franklin Templeton adds $150 million in fund shares to XRP Ledger, all in one wallet
Franklin Templeton added about $150 million worth of shares in its tokenized money market fund, sgBENJI, to the XRP Ledger, and all the new shares went to a single wallet. That wallet now holds nearly 193 million shares, up from about 48 million, worth roughly $200 million at the $1.039 share price recorded in the transactions. The wallet and Franklin's issuing account share the same eight signing addresses, and Franklin can approve, freeze or recover the fund's tokens on the network. It is unclear whether the wallet represents one investor or several clients, and as of Saturday morning Asia time Franklin had not responded to CoinDesk's questions. RWA.xyz ranks Franklin second among tokenized asset platforms on the XRP Ledger, behind Ripple's RLUSD stablecoin.
- Dune launches real-time data feeds covering 200 onchain trading venues
Blockchain analytics platform Dune has launched real-time market data feeds covering more than 200 onchain trading venues, aiming to bring this data into the systems of traditional financial institutions. The feeds draw trade data from 12 blockchains, including Ethereum, Solana and Base, about one second after execution, covering both spot trading on decentralized exchanges and perpetual futures on Hyperliquid and Lighter. Early clients include quant funds, market makers, asset managers and bank trading desks, which use the data to assess liquidity and compare prices, though Dune did not name them. Meanwhile, the tokenized stock market has grown sharply, with distributed value reaching $3.58 billion, but 16 companies, including Microsoft, Alphabet and Goldman Sachs, have objected to their shares being traded on OKXICE’s proposed platform, and liquidity remains fragmented.
- Microsoft, Alphabet and Goldman Sachs join objections to OKX-ICE tokenized stock trading
- Crypto Biz: Wall Street closes at 4. Tokenized stocks keep trading
Tokenized stock trading is drawing activity outside regular US market hours: according to Blockworks data cited by The Kobeissi Letter, over 70% of tokenized stock volume on BNB Chain occurs outside those hours, compared with 63% on Solana and nearly 60% on Base. The value of tokenized stocks rose 15% over 30 days to nearly $3.3 billion, according to RWA.xyz, while the SEC's innovation exemption allows qualifying platforms to trade tokenized US-listed stocks on public blockchains, though xStocks and Ondo Global Markets remain largely unavailable to US investors. The newsletter also covers Strive, which bought 3,311 BTC in the week ending Oct. 9 and now holds 32,773 BTC after investors exercised $208 million in warrants, and Bitcoin miners, which face steep financing costs for AI expansion.
- Unlimit founder backs Phase blockchain with $45M as mainnet launches
Phase, a new blockchain, lets smartphone users earn PHASE tokens by validating transactions and sharing internet connections with AI agents through its Phase Proxy service, which launched alongside the chain. Unlimit founder Kirill Eves has committed $45 million, covering the first two years of development with another two years of runway, and the company says it has no outside investors. Eves argues that websites often block automated traffic from data centers, so agents need connections from consumer devices, and current flagship smartphones can deliver approximately 35–45 TOPS of AI processing. Phase plans AI computing and multi-model routing services in November, and part of their revenue will buy PHASE on the open market to reward node operators.
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