tZERO Newsletter 10.10.2025
The U.S. Securities and Exchange Commission (SEC) is reportedly developing a plan to allow stocks to trade on blockchain platforms similar to crypto assets. An early-stage proposal is said to detail plans that would let investors buy and sell tokenized versions of equities on approved crypto platforms.
Straight from the Top: tZERO Executive Series
World Liberty Financial plans to tokenize real-world assets and pair with USD1 stablecoin
World Liberty Financial is exploring tokenization of various real-world assets, including commodities such as oil, gas, cotton, and timber. The project plans to pair tokenized assets with its USD1 stablecoin, which it describes as a trustworthy and transparent pairing option.
From Crypto Soirees To Blockchain Summit, Hester Peirce Goes On Tour
“Our capital markets in the United States are a treasure that belongs to everyone,” said Hester Peirce, a commissioner at the U.S. Securities and Exchange Commission, during the 8th annual Black Blockchain Summit. The fireside where she spoke at Howard University was moderated by Karima Woods, Commissioner of the District of Columbia Department of Insurance, Securities and Banking.
DTCC to Increase Focus on Digital Assets Infrastructure with New Appointment
The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, is now increasingly focused on the nascent digital assets industry. The infrastructure provider has recently announced the appointment of Thomas Sullivan as Managing Director of DTCC Digital Assets, reporting to Nadine Chakar, MD, Global Head of DTCC Digital Assets. Sullivan is responsible for leading as well as facilitating the development of DTCC Digital Assets’ strategic objectives, with the stated aim of driving projects and partnering with clients, regulators and market participants to advance the company’s role in digital assets and related tech advancements.
Fireblocks builds the “core banking” infrastructure for digital assets and on-chain payments
At Sibos Frankfurt 2025, Stephen Richardson, chief strategy officer and head of banking at Fireblocks, described how the company is simplifying access to blockchain for banks, payments companies and fintechs, enabling tokenised deposits, stablecoins and interoperability across more than 120 blockchains while addressing custody, compliance and user-experience risks. Fireblocks focuses on payments use cases across the value chain, helping banks explore tokenised deposits and stablecoins for cross-border settlement.
Swiss exchange operator SIX Group integrates SDX digital asset business to create a unified tokenization platform
PANews reported on October 6th that, according to Cryptopolitan, SIX Group AG, the operator of the Swiss Stock Exchange, announced that it will integrate the operations of its digital asset division, SIX Digital Exchange (SDX), into the group’s main exchange and post-trade services division. This move marks the end of SDX’s independent brand identity.
S&P Global to Launch Innovative Crypto Ecosystem Index, a New Way to Combine Cryptocurrencies and Crypto-Linked Equities
S&P Global today announced plans to expand its S&P Dow Jones Indices (“S&P DJI”) crypto index offering with the launch of the S&P Digital Markets 50 Index. Dinari, a leading provider of tokenized U.S. public securities, has collaborated with S&P Global on the index design and will create a token tracking the benchmark. The index is designed to track a wide range of companies and digital assets connected to the crypto ecosystem, combining cryptocurrencies and publicly traded crypto-linked equities into one index.
It was recently reported that the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) began probing Digital Asset Treasury companies (DATs), raising a variety of compliance and governance issues, including:
Preferential treatment of certain investors, Use of material nonpublic information (MNPI), Inadequate internal controls and anti-money laundering (AML) and know-your-customer (KYC) programs and custody and governance deficiencies.
Ripple is investing in blockchain and digital twin research through a $1.3 million donation to UC Berkeley. The funding will support the launch of the new Center for Digital Assets (CDA), dedicated to pioneering research in these technologies. The CDA will focus on exploring the real-world asset (RWA) tokenization, including the digitization of physical assets such as wheat harvests and machinery.