Robinhood explicitly supports tokenized trading of its stocks on OKXICE, while six companies that have not publicly opposed the initiative are all closely linked to the crypto industry.
Robinhood has confirmed it does not object to its shares being traded on OKXICE, the tokenized stock trading platform jointly launched by OKX and Intercontinental Exchange (ICE), parent company of the New York Stock Exchange. The U.S. brokerage becomes the third firm to explicitly state no objection, following Securitize and BitGo. Per OKXICE’s November 5 disclosure, 56 of the 62 companies initially set to list on the platform have raised objections, accounting for roughly 90%. The six firms that have not publicly objected are all closely tied to the crypto sector, including Robinhood, Securitize, BitGo, Circle, Coinbase, and Strategy. The platform plans to trade tokenized stocks via an Automated Market Maker (AMM) under the U.S. Securities and Exchange Commission’s (SEC) five-year Innovation Exemption framework. Token holders will enjoy the same dividend and voting rights as holders of the underlying stocks, while issuing companies can raise objections within 30 days of receiving notice. (CoinDesk)
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Strive’s Chief Investment Officer: Growth in Bitcoin holdings per share must be evaluated in conjunction with financing costs and capital structure.
Ben Werkman, Chief Investment Officer at Bitcoin treasury firm Strive, wrote that the growth rate of Bitcoin held per share is a key metric for measuring the capital allocation efficiency of treasury companies, but it cannot be evaluated in isolation from financing costs and capital structure. When a company’s stock trades at a premium to its Bitcoin net assets, issuing additional common shares to purchase BTC can increase Bitcoin held per share; repurchasing shares can also boost this metric, though it may deplete cash reserves. Werkman warned that if funds raised from preferred share financing are continuously used to repurchase common shares, it could weaken the asset backing for preferred share dividends and harm the interests of preferred investors.
8 minutes ago
Galaxy Digital posts Q3 net profit of $323 million, with adjusted EBITDA from its data center business amounting to $69 million.
Galaxy Digital released its third-quarter 2026 financial report, posting a net profit of $323 million, reversing the $85 million loss from the prior quarter. Adjusted gross profit reached $569 million, and adjusted EBITDA stood at $455 million. By business segment: adjusted EBITDA for treasury and corporate operations was $395 million, data center operations contributed $69 million, while the digital assets segment posted a $9 million loss. Digital asset trading volume rose 12% quarter-over-quarter, and combined assets under management and staked assets grew 46% sequentially to $10.4 billion. On the data center front, the first phase of Helios I has delivered all 133 MW of critical IT load to CoreWeave; the second phase has secured full financing, with the company completing the issuance of $3.5 billion in senior secured notes. The data center project has a potential total power capacity exceeding 5.7 GW.
8 minutes ago
Securitize announced the acquisition of River One to expand its asset-backed financing business, with Q3 revenue rising 13% year-over-year.
Tokenization platform Securitize has announced the acquisition of institutional financing firm River One, expanding its warehouse financing business backed by loans and other assets. Financial terms of the deal were not disclosed, and the transaction is expected to close in the fourth quarter. River One was incubated by Framework Ventures and counts Maple Finance among its backers.
KKR data shows the global private asset-backed financing market was valued at roughly $6.1 trillion in 2024, and is projected to surpass $9 trillion by 2029.
Securitize also released its third-quarter financial results: revenue rose 13% year-over-year to $18.6 million, while it posted a net loss of $66.3 million, with roughly $60 million of that total tied primarily to non-cash expenses and accounting adjustments related to its listing and business combinations. The platform’s average tokenized asset size grew 39% year-over-year to $5 billion, and trading volume increased 20% to $4.3 billion.
The company also announced a share repurchase program of up to $50 million. As of the end of September, it held approximately $300 million in cash and had no debt. (CoinDesk)
8 minutes ago
On-chain privacy protocol Veil.Cash has announced it is phasing out operations, with withdrawals only supported via Command-Line Interface (CLI) after December 21.
On-chain privacy protocol Veil.Cash announced it will wind down operations gradually, shutting down deposit functionality effective immediately. Its front-end interfaces and relay services will remain operational until December 21, 2026, after which users can still withdraw funds via the command-line interface (CLI).
8 minutes ago
Bitcoin mining firm MARA’s Q3 net profit rose to $632 million, and it sold 13,597 BTC in October to repay loans.
Bitcoin mining firm MARA released its third-quarter 2026 results, reporting it mined 2,247 BTC in the quarter, a 5% year-over-year increase. Its operational hash rate rose 18% YoY to 71.2 EH/s. Revenue fell 35% YoY to $164 million, while net profit jumped from $123 million in the year-ago period to $632 million. Bitcoin prices rose around 43% from the end of Q2, and MARA recognized fair value adjustments on its BTC holdings in current-period profit or loss. As of the end of September, MARA held 34,012 BTC, a 36% YoY decline, driven primarily by BTC sales in the first half of the year, with some proceeds used to repurchase convertible bonds and repay credit facilities. In October, MARA sold an additional 13,597 BTC at an average price of roughly $81,039, generating around $1.1 billion in proceeds, which it used to fully repay a $750 million Bitcoin-backed mortgage and release 17,477 BTC from collateral.
8 minutes ago
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