# Ed’s Tokenized Securities Rails > A human-curated, LLM-maintained, source-linked knowledge base on tokenized securities infrastructure. Public data updates weekly, as of each Monday 00:00 ET. Content CC BY 4.0. All pages in one file: https://edstokenizedsecuritiesrails.com/llms-full.txt - What: issuers, legal structures, custody, chains, venues, settlement and regulation for tokenized stocks and bonds, with a source on every fact. - Why: one place to check how tokenized securities really work, without hype; `unknown` marks anything not yet verified. - How: start at https://edstokenizedsecuritiesrails.com/overview, look up companies at https://edstokenizedsecuritiesrails.com/database, or use the copy-paste prompts at https://edstokenizedsecuritiesrails.com/starter-prompts. ## Start here - [Ed’s Tokenized Securities Rails](https://edstokenizedsecuritiesrails.com/): A human-curated, LLM-maintained wiki on issuers, legal structures, custody, venues, settlement and regulation. - [Tokenized securities: how it fits together](https://edstokenizedsecuritiesrails.com/overview): How tokenized securities fit together (issuance, trading, settlement, custody, regulation), why tokenize, and what is new compared with traditional rails. - [Guide for AI agents](https://edstokenizedsecuritiesrails.com/agents): How AI agents should read, query and cite this wiki on the live site. - [Starter prompts](https://edstokenizedsecuritiesrails.com/starter-prompts): Copy-paste prompts for AI assistants: research questions answerable from this wiki, then prompts for AI coding agents building tokenized-securities systems. - [Build with this wiki](https://edstokenizedsecuritiesrails.com/build/): How engineers and their AI coding agents can use this wiki as a design reference for tokenized-stock trading systems, starting with the trading reference architecture. - [Glossary](https://edstokenizedsecuritiesrails.com/concepts/glossary): Plain-English definitions of the jargon used on this wiki, from allowlist to wrapper. - [What changed](https://edstokenizedsecuritiesrails.com/whats-changed): Weekly headlines on tokenized securities, with a note on what each change means for holders. - [Rules by jurisdiction](https://edstokenizedsecuritiesrails.com/topics/rules-by-jurisdiction): In plain English: Where tokenized securities stand under the rules in each place this wiki tracks, in one table. - [Database of tokenized-securities issuers, venues and infrastructure](https://edstokenizedsecuritiesrails.com/database): One table of the 23 issuers, venues/exchange rules and infrastructure providers covered by this wiki, with jurisdiction, legal structure, chains and who can buy. Download as CSV or JSON. - [Changelog](https://edstokenizedsecuritiesrails.com/changelog/): Public changes, every entry in the vault as of each publish. See What changed for the week-by-week view. ## Build - [Reference architecture for trading tokenized securities](https://edstokenizedsecuritiesrails.com/build/trading-reference-architecture): End-to-end reference architecture for trading tokenized stocks on tokenized rails: onboarding and allowlisting, onchain or hybrid matching, compliance hooks, atomic DvP, register sync, and oracle and halt controls. ## Concepts - [Innovation Exemption and the onchain-venue (TSV) model](https://edstokenizedsecuritiesrails.com/concepts/innovation-exemption): In plain English: The SEC now lets a few approved onchain venues trade tokens of US stocks, for a limited time and under conditions. - [International regimes](https://edstokenizedsecuritiesrails.com/concepts/international): In plain English: How rules for tokenized securities differ outside the US, region by region. - [Issuer Sponsored Token Coalition](https://edstokenizedsecuritiesrails.com/concepts/issuer-sponsored-token-coalition): Industry working group formed by Bullish and Equiniti in Sep 2026 to set standards for issuer-sponsored tokenized securities. - [Legal taxonomy of tokenized securities](https://edstokenizedsecuritiesrails.com/concepts/legal-taxonomy): In plain English: The SEC sorts tokenized stocks into a few legal types. This page explains each one, because the type decides what you actually own. - [Post-trade / Reg NMS-inside model](https://edstokenizedsecuritiesrails.com/concepts/post-trade-reg-nms-model): In plain English: In this model a tokenized share is the same share as the normal one. - [Token primitives](https://edstokenizedsecuritiesrails.com/concepts/token-primitives): In plain English: The basic technical building blocks that tokenized stocks are made of, and which projects use which. ## Topics - [Corporate actions & dividends](https://edstokenizedsecuritiesrails.com/topics/corporate-actions-and-dividends): In plain English: How dividends, stock splits and votes reach you depends on how the token is built. This page compares the approaches. - [Custody](https://edstokenizedsecuritiesrails.com/topics/custody): In plain English: Who holds the real share, and who controls the token, differs by model. This page shows who keeps what. - [Legal structures](https://edstokenizedsecuritiesrails.com/topics/legal-structures): In plain English: Tokenized stocks come in a few legal forms. Some are the real share; others are a claim or a note that tracks it. - [Regulation](https://edstokenizedsecuritiesrails.com/topics/regulation): In plain English: The main US and international rule changes for tokenized securities, in date order. - [Settlement & matching](https://edstokenizedsecuritiesrails.com/topics/settlement-and-matching): In plain English: How tokenized stock trades get matched and settled, and how that differs from today's next-day settlement. - [Who can buy](https://edstokenizedsecuritiesrails.com/topics/who-can-buy): In plain English: Whether you can buy a given stock token depends on where you live and how the token is structured. ## Standards - [Coinbase B20](https://edstokenizedsecuritiesrails.com/standards/b20): In plain English: B20 is the token format Coinbase uses for its tokenized stocks on Base. - [ERC-1400 / ERC-1410](https://edstokenizedsecuritiesrails.com/standards/erc-1400): In plain English: ERC-1400 is an older, draft set of Ethereum rules for security tokens that can block or force transfers. - [ERC-3643 (T-REX)](https://edstokenizedsecuritiesrails.com/standards/erc-3643): In plain English: ERC-3643 is an Ethereum token standard that only lets approved, identity-checked wallets hold or receive the token. - [Solana Token-2022 extensions](https://edstokenizedsecuritiesrails.com/standards/solana-token-2022): In plain English: Token-2022 is Solana's token program with optional add-ons that tokenized stocks use for compliance and splits. ## Comparisons - [BUIDL (adjacent fund precedent)](https://edstokenizedsecuritiesrails.com/comparisons/buidl-precedent): In plain English: BlackRock's tokenized money market fund, BUIDL, is an early example that later stock-token projects copied. - [Implementations compared by model](https://edstokenizedsecuritiesrails.com/comparisons/implementations-by-model): In plain English: A side-by-side table of tokenized stock projects, grouped by legal model. ## Issuers - [bStocks](https://edstokenizedsecuritiesrails.com/issuers/bstocks): In plain English: bStocks are certificates backed one-for-one by real US shares held at a custodian. - [Coinbase Tokenized Stocks](https://edstokenizedsecuritiesrails.com/issuers/coinbase-tokenized-stocks): In plain English: Coinbase's stock tokens on Base are each backed by a real share held in custody. - [Crypto.com Tokenized Stocks](https://edstokenizedsecuritiesrails.com/issuers/crypto-com-tokenized-stocks): In plain English: Crypto.com sells tokens that follow US stock prices, but they are contracts, not shares. - [Dinari dShares](https://edstokenizedsecuritiesrails.com/issuers/dinari): In plain English: Dinari issues tokens backed by US stocks and offers them to eligible US investors. - [Figure OPEN](https://edstokenizedsecuritiesrails.com/issuers/figure-open): In plain English: Figure lets companies issue their shares directly on a blockchain, so the token is the real share. - [Ondo Global Markets (Ondo Stocks)](https://edstokenizedsecuritiesrails.com/issuers/ondo-global-markets): In plain English: Ondo's stock tokens are notes that track US stocks, backed by shares held at US brokers. They are not the shares themselves. - [Robinhood Stock Tokens](https://edstokenizedsecuritiesrails.com/issuers/robinhood-stock-tokens): In plain English: Robinhood's stock tokens are debt securities that track a stock's price. They give you no shareholder rights. - [Securitize (issuer-sponsored shares)](https://edstokenizedsecuritiesrails.com/issuers/securitize): In plain English: Securitize acts as transfer agent and tokenization platform for funds and companies that issue tokens. - [Superstate Opening Bell](https://edstokenizedsecuritiesrails.com/issuers/superstate-opening-bell): In plain English: Superstate's Opening Bell puts real company shares on a blockchain, with Superstate keeping the official shareholder register. - [WisdomTree tokenized funds](https://edstokenizedsecuritiesrails.com/issuers/wisdomtree): In plain English: WisdomTree tokenizes its registered funds rather than single stocks. - [xStocks (Backed)](https://edstokenizedsecuritiesrails.com/issuers/xstocks-backed): In plain English: xStocks are tokens backed one-for-one by US stocks and ETFs. ## Platforms and venues - [Bullish Exchange](https://edstokenizedsecuritiesrails.com/platforms-venues/bullish): In plain English: Bullish runs a crypto exchange in Gibraltar where its own shares now trade as tokens that are real, registered shares. - [Bybit](https://edstokenizedsecuritiesrails.com/platforms-venues/bybit): In plain English: Bybit is a crypto exchange that lists xStocks for trading. - [Kraken](https://edstokenizedsecuritiesrails.com/platforms-venues/kraken): In plain English: Kraken is a crypto exchange that lists xStocks for trading. - [Nasdaq tokenized securities rule](https://edstokenizedsecuritiesrails.com/platforms-venues/nasdaq-tokenized-securities): In plain English: Nasdaq can now trade tokenized versions of the same stocks it already lists, settled through DTC's pilot. - [NYSE / ICE tokenized securities](https://edstokenizedsecuritiesrails.com/platforms-venues/nyse-ice-tokenized-platform): In plain English: NYSE has a rule, like Nasdaq's, to trade tokenized versions of listed stocks through DTC's pilot. - [OKXICE TSV](https://edstokenizedsecuritiesrails.com/platforms-venues/okxice-tsv): In plain English: OKXICE is the first onchain venue to publish plans under the SEC's Innovation Exemption, using Uniswap pools. - [TSV LLC](https://edstokenizedsecuritiesrails.com/platforms-venues/tsv-llc): In plain English: TSV LLC is a planned onchain venue on Canton under the SEC's Innovation Exemption. ## Infrastructure - [Chainlink tokenized equity feeds](https://edstokenizedsecuritiesrails.com/infrastructure/chainlink-equity-feeds): In plain English: Chainlink supplies stock prices to blockchains so apps can value stock tokens, including outside market hours. - [DTCC Tokenization Service (DTS)](https://edstokenizedsecuritiesrails.com/infrastructure/dtcc-tokenization-pilot): In plain English: DTC, the US central securities depository, is testing tokenized versions of shares it already holds. - [Uniswap v4 permissioned pools](https://edstokenizedsecuritiesrails.com/infrastructure/uniswap-permissioned-pools): In plain English: Uniswap's permissioned pools let only approved wallets trade a token, so regulated assets can use onchain pools. - [Vertalo](https://edstokenizedsecuritiesrails.com/infrastructure/vertalo): In plain English: Vertalo keeps companies' official shareholder records and links tokens to them, so token holders get dividends and votes. - [Zerohash](https://edstokenizedsecuritiesrails.com/infrastructure/zerohash): In plain English: Zerohash sells brokerages the plumbing to offer tokenized assets to their customers. ## Changelog entries - [2026-10-31: IMF publishes the first official data on tokenized-stock trading](https://edstokenizedsecuritiesrails.com/changelog/2026-10-31-imf-gfsr-scaling-tokenization): holders: Tokenized stocks track the real share closely, but more than half of trading happens while US markets are closed, so prices can move before the… - [2026-10-31: DTCC firm counts clarified](https://edstokenizedsecuritiesrails.com/changelog/2026-10-31-dtcc-firm-counts): holders: No change for holders; this fixes how the page reports how many firms tested DTCC's service. - [2026-10-31: Bank of England consults on tokenised collateral at clearing houses](https://edstokenizedsecuritiesrails.com/changelog/2026-10-31-boe-tokenised-collateral-ccps): holders: No direct change for token holders yet; it could make tokenised bonds and funds more usable as margin in UK clearing over time. - [2026-10-30: All starter prompts on one page; database downloads](https://edstokenizedsecuritiesrails.com/changelog/2026-10-30-one-prompts-page-and-database-downloads): - Starter prompts is now one page: research prompts first, then prompts for coding agents. - [2026-10-30: 50 companies now object to OKXICE stock tokens](https://edstokenizedsecuritiesrails.com/changelog/2026-10-30-okxice-50-objectors): holders: If you were hoping to buy a token of NVIDIA, Costco or NIKE on OKXICE, those companies have now said no, so those tokens can't trade there. - [2026-10-30: New front page and a starter-prompts hub](https://edstokenizedsecuritiesrails.com/changelog/2026-10-30-front-page-and-starter-prompts): - The front page now gives short answers to what the wiki is, who it's for and why tokenize, with three copy-paste prompts and one "How to use this wiki" section. - [2026-10-30: Explainer video and illustrated trade diagram added](https://edstokenizedsecuritiesrails.com/changelog/2026-10-30-explainer-video-and-trade-diagram): - Explainer video and illustrated trade diagram added. The overview now opens with a 54-second captioned explainer video and shows an illustrated, tap-to-enlarge diagram of one trade in "Inside step 3". - The reference… - [2026-10-30: First supportive comment letters on the Innovation Exemption](https://edstokenizedsecuritiesrails.com/changelog/2026-10-30-comment-letters-solana-malinova-park): - Solana Policy Institute (22 Oct 2026) backs the order and asks the SEC to define "public, permissionless distributed ledger" by who controls ordering, validation, finality and rule changes (Solana Policy Institute). -… - [2026-10-30: Why Bullish's coalition matters](https://edstokenizedsecuritiesrails.com/changelog/2026-10-30-bullish-why-it-matters): - Bullish has a new "Why it matters" section covering the Equiniti register, the issuer-sponsored model, the OKXICE objections and CNTN on TSV. - [2026-10-29: TSV LLC names its first stock, tokenized CNTN](https://edstokenizedsecuritiesrails.com/changelog/2026-10-29-tsv-llc-first-stock-cntn): - TSV LLC's notice v1.3 (29 Oct 2026) names tokenized Canton Strategic Holdings (Nasdaq: CNTN) as its first stock, with Fairmint TA LLC as transfer agent. - [2026-10-29: SIFMA's comment letter on the Innovation Exemption](https://edstokenizedsecuritiesrails.com/changelog/2026-10-29-sifma-comment-letter): - SIFMA (19 Oct 2026) asks the SEC to amend the order: issuer opt-in consent for third-party tokens or, failing that, a 90-day objection period, a universal opt-out and an official TSV portal (SIFMA). - [2026-10-29: Ondo Stocks live on Robinhood Chain](https://edstokenizedsecuritiesrails.com/changelog/2026-10-29-ondo-stocks-robinhood-chain): - Ondo bridged 15 Ondo Stocks to Robinhood Chain on 27 Oct 2026; 11 have Uniswap v4 StablePair pools against the matching Robinhood Stock Token (Ondo). - [2026-10-29: OKXICE objections reach 38; how issuer opt-outs work; Better Markets letter](https://edstokenizedsecuritiesrails.com/changelog/2026-10-29-okxice-38-objectors-opt-out): - OKXICE TSV: 38 issuers have objected as of its 28 Oct notice, up from 22 on 23 Oct; new names include JPMorgan, AMD, Coca-Cola, Dell, Eli Lilly and Walmart. - [2026-10-28: DTCC Tokenization Service goes live](https://edstokenizedsecuritiesrails.com/changelog/2026-10-28-dtcc-tokenization-service-live): - DTC launched the DTCC Tokenization Service with 20 signed DTC participants, on Canton and DTCC's private Besu network; more networks in 2027 (DTCC). - Day 1 scope: 34 securities, 1:1 backed by DTC holdings, conversion… - [2026-10-26: QRT, Vertalo and zerohash join the Issuer Sponsored Token Coalition](https://edstokenizedsecuritiesrails.com/changelog/2026-10-26-coalition-new-members): - Qube Research & Technologies (QRT), Vertalo and zerohash joined the Issuer Sponsored Token Coalition (Bullish). - Members were due to meet issuers at the NYSE on 27 Oct 2026. - [2026-10-25: OKXICE objectors now 22; DTCC launch scope 34; Figure ticker FGRS; B20 spec](https://edstokenizedsecuritiesrails.com/changelog/2026-10-25-sources-pass): - OKXICE: 22 issuers have objected to tokenized listings, per OKXICE's 23 Oct 2026 public notice (16 on its 19 Oct notice). - DTCC Tokenization Service: Day 1 tear sheet (23 Oct 2026) lists 34 securities at launch, up f… - [2026-10-25: Securitize asks DTC to link direct registration to its tokenization service](https://edstokenizedsecuritiesrails.com/changelog/2026-10-25-securitize-drs-comment): - Securitize backed DTC's Direct Registration System (DRS) upgrade but asked for a one-step burn-and-withdraw from DTC tokens, published processing times, DWAC modernization, a broker timing expectation and a fast retur… - [2026-10-23: DTCC launch scope; OKXICE issuer objections; Robinhood Chain volume](https://edstokenizedsecuritiesrails.com/changelog/2026-10-23-dtcc-okxice): - DTCC Tokenization Service: launch scope added from DTCC's at-a-glance sheet (25 securities, ~\$30T eligible, Canton and DTCC's private Besu network, 24/7 transfers between registered wallets). - OKXICE: 16 issuers had… - [2026-10-22: Kraken says xStocks lineup exceeds 1,000 (unconfirmed, news report only)](https://edstokenizedsecuritiesrails.com/changelog/2026-10-22-kraken-xstocks-1000): - Unconfirmed, news report only. Kraken said its xStocks lineup exceeds 1,000 tokenized instruments, per The Defiant (The Defiant); not yet confirmed on a Kraken page. - [2026-10-21: OCC final rule implementing the GENIUS Act](https://edstokenizedsecuritiesrails.com/changelog/2026-10-21-occ-genius-rule): - The OCC issued its final GENIUS Act rule for payment stablecoin issuers under its jurisdiction, effective 18 Jan 2027, the Act's effective date (OCC). - [2026-10-19: TSV LLC revises its TSV notice](https://edstokenizedsecuritiesrails.com/changelog/2026-10-19-tsv-llc-revised-notice): - TSV LLC published version 1.1 of its notice (19 Oct 2026) and 1.2 (23 Oct 2026): paired assets at commencement are USDC and SBC on Canton; the issuer's transfer agent handles verification and minting; operations have… - [2026-10-17: Vault seeded with 15 entities](https://edstokenizedsecuritiesrails.com/changelog/2026-10-17-vault): Vault seeded with 15 entities. - [2026-10-14: Perpetuals.com files a TSV notice](https://edstokenizedsecuritiesrails.com/changelog/2026-10-14-perpetuals-notice): - Kephas Corporation d/b/a Perpetuals.com filed a Tokenized Securities Venue notice on 14 Oct 2026, the third on the SEC's list (SEC; - [2026-10-09: EU Council agrees key elements of the market integration package](https://edstokenizedsecuritiesrails.com/changelog/2026-10-09-eu-council-dlt-pilot): - The Council agreed key elements of the savings and investments union measures, which include changes to the DLT Pilot Regime; not yet adopted (Council). - [2026-10-08: Securitize launches tokenized US stocks on Solana](https://edstokenizedsecuritiesrails.com/changelog/2026-10-08-securitize-stocks): - Securitize launched onchain trading of US stocks as security entitlements through its broker-dealer, with plans for NYSE and OKXICE access once those venues launch (Securitize; - [2026-10-07: Ondo tokenized stocks reach EEA investors via Assetera](https://edstokenizedsecuritiesrails.com/changelog/2026-10-07-assetera-ondo): - Assetera listed 100+ Ondo tokenized US stocks and ETFs for 30 EEA countries, widening to 450+ through Q4 2026 (Assetera). - Assetera says Ondo Stocks passed \$1B TVL and \$27B cumulative volume since September 2025 (A… - [2026-10-05: DTC proposes faster direct registration (DRS)](https://edstokenizedsecuritiesrails.com/changelog/2026-10-05-dtc-drs-modernization): - DTC filed SR-DTC-2026-012 to modernize the Direct Registration System (DRS), cutting processing "from days to minutes"; expected 13 Nov 2026, no later than January 2027 (SEC notice). - [2026-10-04: OKXICE files its TSV notice](https://edstokenizedsecuritiesrails.com/changelog/2026-10-04-okxice-notice): - OKXICE TSV filed its notice with the SEC on 4 Oct 2026 (SEC; - [2026-09-25: Coinbase tokenized stocks accepted as Aave collateral](https://edstokenizedsecuritiesrails.com/changelog/2026-09-25-aave-coinbase-stocks): - Seven Coinbase Tokenized Stocks (AAPLc, AMZNc, GOOGLc, METAc, MSFTc, NVDAc, TSLAc) went live as collateral on Aave V4 on Base, collateral-only (Aave). - Prices come from Chainlink 24/5 feeds and are held over weekends… - [2026-09-24: Bullish and Equiniti form the Issuer Sponsored Token Coalition](https://edstokenizedsecuritiesrails.com/changelog/2026-09-24-issuer-sponsored-token-coalition): - Bullish and Equiniti formed the Issuer Sponsored Token Coalition with Alpaca, Apex Fintech Solutions and DriveWealth, a week after the SEC's Innovation Exemption (Bullish). - Focus: shareholder rights, interoperabilit… - [2026-09-24: CFTC staff FAQs allow tokenized permitted investments](https://edstokenizedsecuritiesrails.com/changelog/2026-09-24-cftc-tokenized-collateral-faq): - CFTC staff updated FAQs to address investing customer funds in tokenized forms of permitted investments and blockchain recordkeeping (CFTC). - [2026-09-23: First TSV notice filed with the SEC (TSV LLC)](https://edstokenizedsecuritiesrails.com/changelog/2026-09-23-tsv-llc-notice): - TSV LLC submitted a Tokenized Securities Venue notice to the SEC on 23 Sep 2026 (SEC). - [2026-09-17: SEC issues the Innovation Exemption for tokenized NMS stock](https://edstokenizedsecuritiesrails.com/changelog/2026-09-17-sec-innovation-exemption): - The SEC issued an order (Rel. 34-106402) exempting Tokenized Securities Venues from the exchange definition and certain liquidity providers from the dealer definition; it expires five years after publication (SEC). -… - [2026-09-14: UK tokenisation feedback; Robinhood plans redemption and voting](https://edstokenizedsecuritiesrails.com/changelog/2026-09-14-fca-robinhood): - FCA and Bank of England published FS26/1 on tokenisation in wholesale markets (123 responses); a joint roadmap is due later in 2026 (FCA). - Robinhood's CEO said in-kind redemption and voting are coming for Robinhood… - [2026-09-10: Nasdaq agrees to invest in Kraken's parent for tokenized equities](https://edstokenizedsecuritiesrails.com/changelog/2026-09-10-nasdaq-payward): - Nasdaq Ventures agreed to invest \$100M in Payward, Kraken's parent (Nasdaq). - The partners will build distribution, trading and post-trade infrastructure for Nasdaq Equity Tokens (NETs), linked to xStocks; - [2026-08-18: Kraken opens US stocks and xStocks to EEA customers](https://edstokenizedsecuritiesrails.com/changelog/2026-08-18-kraken-eea-stocks): - Kraken launched 7,000+ US stocks for eligible EEA customers under MiFID II via Payward Europe Digital Solutions (CY) Limited, alongside 700+ xStocks (Kraken). - EEA clients trade xStocks with fiat via Convert after a… - [2026-08-12: Crypto.com launches tokenized stock derivatives in the EEA](https://edstokenizedsecuritiesrails.com/changelog/2026-08-12-crypto-com-tokenized-stocks): - Crypto.com launched Tokenized Stocks in its app: price-tracking derivatives on 1,500 US stocks and ETFs, from US\$1, for eligible EEA and other users (Crypto.com). - Holders get no ownership or voting rights; issuer F… - [2026-08-12: Bullish trades its own tokenized shares on a GFSC-regulated exchange](https://edstokenizedsecuritiesrails.com/changelog/2026-08-12-bullish-tokenized-equity): - Bullish's issuer-sponsored BLSH tokens, recorded at the share registry, traded on Bullish Exchange against a USD stablecoin (Bullish). - Bullish says it received GFSC approval for tokenized securities trading in June… - [2026-06-16: SEC notice: 24X Exchange tokenized trading rule (SR-24X-2026-20)](https://edstokenizedsecuritiesrails.com/changelog/2026-06-16-sec): SEC notice: 24X Exchange tokenized trading rule (SR-24X-2026-20). - [2026-03-18: SEC approves Nasdaq tokenized securities rule](https://edstokenizedsecuritiesrails.com/changelog/2026-03-18-sec): SEC approves Nasdaq tokenized securities rule. - [2026-02-24: WisdomTree announces 24x7 trading for WTGXX](https://edstokenizedsecuritiesrails.com/changelog/2026-02-24-wisdomtree): WisdomTree announces 24x7 trading and instant settlement for WTGXX. - [2025-12-02: Kraken agrees to acquire Backed Finance AG](https://edstokenizedsecuritiesrails.com/changelog/2025-12-02-kraken): Source: https://blog.kraken.com/news/backed-acquisition - [2025-06-30: xStocks live on Bybit, Kraken, Solana DeFi](https://edstokenizedsecuritiesrails.com/changelog/2025-06-30-xstocks): xStocks live on Bybit, Kraken, Solana DeFi.