| Mobile Web

Search results for Unlock

Crypto

DTCC begins live securities tokenisation trading with 40 firms including JPMorgan

U.S. securities settlement group DTCC has started operating a securities tokenisation service in live markets, covering assets including Microsoft shares and U.S. Treasuries. DTCC plans a July pilot limited to about 1,000 instruments before expanding to full availability around October. The service, developed by its depository DTC, lets participants use tokenised assets for collateral transfers, repo transactions and stock trades, with settlement on either Hyperledger Besu or the Canton Network.

Crypto

Wall Street called for $300, but why SpaceX shares fell below IPO price

SpaceX shares closed at $148 on July 8, a second straight day below their $150 first-trade price, despite inclusion in the Nasdaq 100. The stock surged about 50% in its first three sessions after listing, then gave back most gains. The company raised $85.7 billion including a greenshoe after pricing 555.6 million shares at $135. Analysts cite valuation, limited float and pre-positioning ahead of index inclusion as key factors.

Crypto

Ripple re-escrows 700 million XRP after unlocking 1 billion, releases 300 million

Ripple re-deposited 700 million XRP into escrow from its regular July unlock of 1 billion XRP, supplying only 300 million XRP to the market. The move reinforces a view that Ripple’s net monthly liquidity supply has effectively settled at about 300 million XRP this year. Market watchers focused on the smaller circulating amount, citing liquidity management aimed at matching trading conditions and order-book depth.