CAPITAL MARKETS · DIGITAL ASSETS · TOKENIZATION

Insights

Analysis at the intersection of TradFi and digital assets.

Engraved illustration of a sealed, tokenized certificate on one side of a trading floor, an offer crossing it in dashed red and stopping at a bar, and an empty dashed outline where the counterparty would be. — One side of the trade is settled business. The other has still to turn up. — Trust the Signal

COMMENTARY · FEATURED

Wall Street Can Tokenize an Asset. Building a Market Takes More.

The U.S. is moving tokenization into financial infrastructure. The harder question is what investors can actually do with the assets once they arrive.

In July 2026 DTCC said assets held at the Depository Trust Company had been converted into tokens and used in production trades involving more than 30 firms, pointing toward an October launch.
SEC Chair Paul Atkins described temporary, conditional relief for certain tokenized-securities venues — a bounded route, not unrestricted permission.
A tokenized asset can be transferable without being easy to sell: someone still has to want it, be eligible to buy it and reach a venue where the trade can happen.

READ ANALYSIS

5 MIN READ · OCT 3, 2026

From the Desk

When AI Answers First, What Makes Your Brand Worth Visiting?

A customer can learn about your business without ever opening your website. Pew's U.S. research and Google's own guidance show why brands need to separate AI citations from traffic, trust and qualified demand.

6 MIN READ · OCT 3, 2026

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RESEARCH

America's AI Adoption Numbers Are Missing the Hardest Part

An executive can approve an AI subscription in an afternoon. Census data and the productivity studies show why leaders should measure a complete workflow before scaling the investment.

5 MIN READ · OCT 3, 2026

Engraved illustration of a city skyline with a network of connected nodes drawn across it, one node marked in red.

ANALYSIS

Avalanche Summit New York: Blockchain Is Being Reframed as Business Infrastructure

Avalanche Summit New York was held on September 16 and 17, 2026, at Chelsea Industrial, with a programme focused on digital assets, business and finance. The framing matters more than any single announcement.

4 MIN READ · SEP 17, 2026

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Riyadh Puts AI Governance on the Global Stage

UNESCO and Saudi Arabia convened the fourth Global Forum on the Ethics of AI in Riyadh from September 14 to 17, 2026, under the theme Transforming Global Cooperation for Ethical AI Governance.

4 MIN READ · SEP 17, 2026

Four engraved classical pillars connected by layered arcs, one of which is drawn solid in red while the rest are dashed.

FINTECH

Money20/20 Middle East: Riyadh's Fintech Moment Is Becoming a Market Structure Story

Money20/20 Middle East took place in Riyadh from September 14 to 16, 2026, bringing together participants from across banking, payments, fintech, regulation, investment and technology.

3 MIN READ · SEP 17, 2026

Engraved regulatory portico beside a lattice of tokenized units, with a dashed red route passing through a single gap in the wall between them.

COMMENTARY

The SEC Opened a Route for Tokenized Stocks. Now What?

On September 17, 2026, the SEC granted temporary, conditional relief for venues trading certain tokenized National Market System stocks through permissioned automated market makers and liquidity pools.

4 MIN READ · SEP 17, 2026