tZERO Newsletter 09.11.2025
“I am grateful to the board and our investors, and thank David. tZERO is a unique company at a unique moment. Blockchain is our DNA. We saw the promise of digitally-native financial markets when few did. We built a unique broker-dealer led regulated platform to support tokenized assets end-to-end, from capital raising to trading and custody. We developed valuable IP and commercialized digital securities when few could. We fortified cutting-edge innovation with financial industry credibility, and blue-chip backers. Now, the political headwinds we braved became tailwinds, as digital assets entered secular adoption globally. We must be a leader – driven, visible, focused and accountable. I and the tZERO team will work with our board, investors and partners to deliver aggressively, and with urgency and transparency.”
– Alan Konvesky, CEO of tZERO
Straight from the Top: tZERO Executive Series
tZERO in the News
Knowpia to Launch Security Token Offering (STO) on September 3, 2025
tZERO Insights
SEC and CFTC Staff Issue Joint Statement on Trading of Certain Spot Crypto Asset Products
The SEC’s Division of Trading and Markets and the CFTC’s Division of Market Oversight and Division of Clearing and Risk (collectively, the “Divisions”) are coordinating efforts to facilitate the trading of certain spot crypto asset products on registered exchanges. This initiative is part of the SEC’s Project Crypto and the CFTC’s Crypto Sprint, and it builds on the recommendations of the President’s Working Group on Digital Asset Markets report on “Strengthening American Leadership in Digital Financial Technology.”
Stablecoins Must Offer Yield to Compete: Former Standard Chartered Tokenization Head
The clash between Wall Street and the crypto sector over yield-bearing stablecoins is intensifying in Washington. The stablecoin industry needs more options for offering yield to users, according to Will Beeson, founder and CEO of RWA liquidity layer Multiliquid and Uniform Labs, and former head of tokenized asset infrastructure at Standard Chartered.
Q&A: Nasdaq’s New Proposal for Tokenized Securities
As blockchain and similar technologies see increasing interest throughout the global financial system, Nasdaq is taking an important step to support the evolution of the markets. Recognizing the potential to deliver benefits to issuers, investors, and economies globally, Nasdaq announced today that it has submitted a filing to the U.S. Securities and Exchange Commission (SEC) to facilitate the trading of tokenized securities on its markets.
Ripple Highlights 3 Key Drivers Behind Institutional Digital Asset Adoption
Institutional adoption of digital assets is accelerating rapidly, and Ripple believes three major forces—custody solutions, stablecoin issuance, and blockchain-driven operations—are shaping the future of finance. Banks and financial institutions are no longer experimenting on the sidelines; instead, they are integrating digital assets at scale to meet client demand and improve efficiency.
Galaxy Digital Becomes First Nasdaq Company to Tokenize Shares on Blockchain
Galaxy Digital has become the first Nasdaq-listed company to tokenize its SEC-registered shares directly on a major blockchain, launching GLXY tokens on Solana through partner Superstate’s Opening Bell platform. The tokenized shares represent actual Galaxy Class A Common Stock with full shareholder rights, not derivatives or synthetic products.
Ant Digital is putting $8B in energy assets on the blockchain: Report
A unit of the Chinese fintech conglomerate Ant Group is tokenizing more than $8 billion worth of energy infrastructure on its own blockchain. Ant Digital Technologies, the enterprise solutions arm of the Jack Ma-backed Ant Group, is in the process of tokenizing 60 billion yuan ($8.4 billion) of power infrastructure on its AntChain network, according to Bloomberg, citing people familiar with the matter.
The U.S. Securities and Exchange Commission has been handed a blueprint for a post-quantum financial future. The roadmap sets out how digital assets can stay secure once quantum computing becomes powerful enough to break today’s cryptography. It ties into existing U.S. federal orders that push agencies toward quantum-safe systems. The plan looks beyond borders, linking U.S., European, and Asia-Pacific rules into a single compliance layer.
The Trump family is reportedly exploring real estate tokenization as a new venture in the blockchain space, leveraging their extensive background in property development. This move follows their significant gains in cryptocurrency through ventures like World Liberty Financial (WLFI) and American Bitcoin Corp. (ABTC), which added approximately $1.3 billion to their net worth, bringing it to $7.7 billion according to Bloomberg’s Billionaires Index.