Malik Rhodes
SEC Approves First Tokenized Treasury STO Under New Registered Offerings Framework
BlackRock's BUIDL-II becomes the first security token to clear the SEC's streamlined registered offering pathway. The document runs 312 pages. The press release runs four lines.
Tokenized Real Estate Platform Propolis Closes $78M Series B Led by a16z
The New York-based startup has quietly built the regulatory scaffolding to fractionalize commercial real estate at scale. The new round is aimed at distribution, not engineering.
Franklin Templeton Migrates $1.2B Tokenized Money Market Fund to Avalanche Subnet
The BENJI share class will settle on a permissioned Avalanche subnet beginning May 1. Franklin says the move cuts operational costs by an estimated 38 basis points annually.
WisdomTree's WTIP Approval Stalls Over Disclosure Dispute With SEC Staff
A filing expected this week has been pushed back as the SEC's Division of Corporation Finance requests additional language on smart-contract upgrade risks. The firm remains publicly confident.
Helios 'Community ICO' Structure Draws Regulatory Interest as Token Sells Off
The project's airdrop-to-the-highest-contributors model converted $78M of unpaid labor into tokens that promptly lost 70% of their value. The SEC has questions.
Texas Issues First U.S. Tokenized Municipal Bond in $140M Transportation Deal
The Lone Star State's transportation commission sold a tokenized general obligation bond on Ethereum on Wednesday. The pilot was structured under the state's 2024 digital asset framework.