See the full story in the original article.
Read the original on CoinDesk ↗
Keywords
Ubertokenizationinvestment trustsbanks
Open a keyword to see other news on the same topic.
Related news
- Here’s Why the Strategy Exited Uber Technologies (UBER)
Emerald Wealth Partners' Growth Equity Strategy exited its Uber Technologies position, as stated in its Q3 2026 investor letter. The fund said it had become increasingly concerned about the potential impact of robotaxis on Uber's business model, as well as Waymo's decision to discontinue certain cooperation agreements with Uber. On October 15, 2026, Uber closed at $71.27 per share, a market capitalization of $145.57 billion, after returning 1.09% over the past month and losing 22.78% over 52 weeks. The article notes that 151 hedge fund portfolios held Uber at the end of the second quarter, down from 153 in the previous quarter.
- Janus Henderson, Centrifuge launch tokenized Nasdaq-100 fund on Stellar
Asset manager Janus Henderson and tokenization platform Centrifuge launched JQQQ, a blockchain-based fund on Stellar tracking the Nasdaq-100 for eligible non-US investors with a $100,000 minimum investment. The fund gives indirect exposure through a segregated portfolio of a British Virgin Islands investment company rather than owning the underlying stocks. The launch extends Janus Henderson's onchain offerings beyond US Treasurys and structured credit into equity-index exposure, with institutional onchain strategies now exceeding $1 billion. Stellar holds about $3.8 billion in tokenized assets, ranking behind Ethereum, BNB Chain and Solana, while its native token XLM has fallen about 16% year to date to near $0.17.
- Aviva Investors launches tokenized share class of $29B Sterling fund on XRP Ledger
Aviva Investors, the asset management arm of UK insurer Aviva, has launched a tokenized share class of its Sterling (GBP) Liquidity Fund on the XRP Ledger (XRPL), according to a joint announcement with Ripple. The fund, Aviva's largest with about 22 billion British pounds ($29.4 billion) in assets under management, can now be invested in in tokenized form. It is Aviva's second tokenized fund on XRPL, following the earlier expansion of its USD Liquidity Fund in July, and about 86 million pounds is now invested across its two tokenized share classes, including 50 million pounds in the new class. According to RWA.xyz, the XRP Ledger ranks ninth among blockchains for tokenized real-world assets, with $642 million in distributed value and about 2,900 unique holders.
- Federated Hermes joins Wall Street's tokenization push with plans for first onchain fund shares
Federated Hermes, a Pittsburgh-based investment manager overseeing $911 billion in assets, plans to issue its first tokenized fund share classes in early 2027 and is partnering with Prometheum to make them available through brokerages and financial advisers. Unlike past arrangements in which third parties tokenized its products, the firm intends to issue the tokenized shares itself, with money market funds as a likely starting point, according to digital asset director Kevin Barr. Prometheum will provide regulated brokerage, custody and clearing services, and Barr said access, rather than blockchain technology, has been a main barrier to adoption. The move follows BlackRock, Franklin Templeton, JPMorgan and New York Life, and Citi projects the tokenized securities market could reach $5.5 trillion by 2030.
- Standard Chartered debuts tokenized deposits in Hong Kong for corporate clients
- Nearly 90% of large businesses are embracing tokenized cash to speed up payments: DBS
A DBS-commissioned EY survey of 422 finance leaders at companies with annual revenue above $500 million across 11 markets found that 88% are using or piloting tokenized money. Of these, 24% have deployed it at scale, 43% have limited live use in selected markets, and 21% are running pilots or proofs of concept. Stablecoins are the most used or planned instrument at 63%, ahead of tokenized deposits at 53% and tokenized money market funds at 52%. Respondents expect benefits in real-time cross-border payments (71%) and treasury liquidity management (65%), while regulatory uncertainty, security risks and integration difficulties remain obstacles. DBS launched DBS Token Services in 2024, and in September it completed a weekend dollar payment with Citi between Singapore and New York that settled in minutes.
Related markets
Latest news
- AMD Stock Surges After Hours As Q3 Sales Surge 45% On AI Boom, And Expectations For 80% Revenue Jump In 2027
AMD reported record third-quarter revenue of $13.4 billion, up 45% year-over-year, driven by strong demand for AI processors and data center chips. Data Center revenue reached $8.5 billion, up 97%, on demand for EPYC server CPUs and Instinct MI450 accelerators, and Microsoft, Meta, OpenAI, Anthropic and Oracle have deployed AMD's server solutions. Adjusted earnings per share rose 74% to $2.09, beating analysts' expectations of $13.1 billion in revenue and $1.97 per share. By contrast, Client and Gaming revenue fell 8% to $3.7 billion, with gaming down 40% to $773 million on lower semi-custom console orders, while industry memory chip shortages and rising component prices weighed on consumer PC demand. For Q4 2026, AMD expects revenue of about $17 billion, plus or minus 3%, a 66% year-over-year increase at the midpoint and above the average analyst projection of $16.3 billion; the company expects 2027 revenue to grow more than 80%.
- IPG Photonics Corporation Q3 2026 Earnings Call Summary
- GGL Resources Corp. Issues Post-Consolidation Shares to Strategic Metals Ltd.
GGL Resources Corp. (TSX-V: GGL) has issued 1,000,000 post-consolidation shares to Strategic Metals Ltd. under a Yukon copper-gold property transaction, subject to a hold period until February 22, 2027. The transaction was announced on July 27 and October 20, 2026. As part of Exchange acceptance, GGL completed a share consolidation of four (4) pre-consolidation shares for one (1) post-consolidation share. The Canadian junior explorer's McConnell Project in British Columbia hosts mesothermal gold veins and a porphyry copper-gold prospect.
- US tech stocks recover after selloff spooks investors over AI spending
US tech stocks recovered on Tuesday afternoon after a selloff over AI spending spooked investors: the Nasdaq rose 0.83% and the S&P 500 gained 0.37%, while the Dow fell 0.38% as Apple shares dropped 1.9% after it forecast a weaker-than-expected margin due to higher memory chip costs. Nvidia gained 2.3% after four sessions of declines, and AMD, Broadcom and Micron also rose. The Nasdaq posted its largest monthly decline since March 2025 in October and closed Monday in correction territory, 10% below its October 6 record close. Brent crude fell to $103 a barrel from $117 at the end of October, while investors predicted Democrats would win at least a House majority in Tuesday's midterm elections, which could lead to more AI regulation. Year-to-date, the S&P 500 is up 10%, the Nasdaq 9% and the Dow 7%.
- Montage Gold expects further resource growth at its Koné mine where the plant is already operating above nameplate
Montage Gold (TSX: MAU) said drilling results from its 2026 exploration program at the Koné mine in Côte d'Ivoire increase confidence in expanding resources at higher-grade satellite deposits, while new deposits are also being discovered. The mine poured its first gold on September 26, 2026, and commercial production is well on track to be declared in Q4-2026. In October, the plant processed approximately 880,000 tonnes from the oxide circuit, operating at an average of over 90% of its 11Mtpa nameplate capacity, with 104% achieved in the last week of October. The average processed head grade was 0.82 g/t Au with recovery of approximately 95%, yielding approximately 23,460 ounces over the month. Since the 2024 Feasibility Study, the company has drilled over 375,000 meters and delineated 12 deposits, compared with 2 in that study, while the higher-grade Gbongogo Main deposit is expected to ramp up in late Q4-2026.
- AI’s control over the bond market is growing — even rivaling war and elections
Hyperscalers have burned through their cash. Their bond deals are now helping fuel the economy.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.