#BrokerDealer

4 articles tagged #BrokerDealer — curated RWA tokenization coverage.

#Archax#CrossBorder#DigitalSecurities#FederatedHermes#ICE#InstitutionalCrypto#MarketMaking#NYSE#OKX#Prometheum
Prometheum and Federated Hermes Announce Strategic Partnership to Issue Tokenized Securities Funds
Infrastructure

Prometheum and Federated Hermes Announce Strategic Partnership to Issue Tokenized Securities Funds

Prometheum Inc. and Federated Hermes have entered a strategic partnership to distribute tokenized securities through Prometheum’s SEC-registered and FINRA-member broker-dealer infrastructure. This collaboration aims to bridge the gap between traditional brokerage systems and digital asset markets by allowing Federated Hermes to offer tokenized funds to U.S. investors via established intermediaries. Prometheum Capital will handle custody, clearing, and settlement, while ProFinancial will support the distribution of these products. The initiative seeks to move tokenized assets beyond crypto-native platforms and into the mainstream brokerage accounts where most Americans currently hold their investments. By leveraging Prometheum’s regulated framework, the firms intend to provide on-chain access to traditional investment strategies with institutional-grade operational rigor. The companies have announced a target date of Q1 2027 to bring their first tokenized fund product to market. This partnership represents a significant effort to integrate digital securities into the broader financial ecosystem through compliant, regulated channels.

#TokenizedFunds#DigitalSecurities#BrokerDealer
finviz.com·Oct 13, 20267.5
Archax wins US broker dealer approval, pitches US gateway for European tokenized securities
Infrastructure

Archax wins US broker dealer approval, pitches US gateway for European tokenized securities

UK-based digital asset exchange Archax has secured FINRA approval for its US subsidiary, Archax Markets, successfully registering as a broker-dealer with the SEC. This milestone follows a 17-month process that began after a failed acquisition attempt of Globacap’s US operations. By establishing this US presence, Archax aims to serve as a critical gateway for European tokenized securities to reach institutional investors in the United States. The firm plans to commence US operations within the current quarter, leveraging SEC Rule 15a-6 to facilitate cross-border transactions. By acting as a chaperoning broker-dealer, Archax enables its UK and Spanish entities to market tokenized private placements to US institutions under regulatory oversight from the FCA, CNMV, and SEC. This development is significant for the RWA market as it bridges the liquidity gap between European tokenization firms and US capital markets. The move positions Archax as a direct competitor to established US players like Securitize, which has also begun exploring European DLT Pilot Regime opportunities.

#SEC#Archax#TokenizedSecurities
ledgerinsights.com·Sep 8, 20268.0
Wintermute Secures U.S. Broker License, Paving Way for Crypto ETFs and Tokenized Stocks
Stocks

Wintermute Secures U.S. Broker License, Paving Way for Crypto ETFs and Tokenized Stocks

Wintermute has secured a U.S. broker-dealer license, enabling the firm to expand its operations into trading commodities, crypto ETFs, and tokenized stocks. This regulatory milestone grants Wintermute USA designated market maker (DMM) status on major exchanges, including the New York Stock Exchange and Nasdaq. By assuming the role of a DMM, the firm will be responsible for maintaining fair and orderly markets for assigned securities, a function historically reserved for traditional Wall Street institutions. This development represents a significant bridge between crypto-native entities and the regulated financial ecosystem. The firm's entry into this space is expected to provide essential liquidity and market-making expertise for emerging asset classes like tokenized equities. As Wintermute navigates SEC and FINRA compliance, its success could establish a precedent for other digital asset firms seeking to integrate into traditional finance. Ultimately, this move signals the increasing institutionalization of crypto markets and the potential for improved price discovery in tokenized assets.

#TokenizedStocks#InstitutionalCrypto#BrokerDealer
cryptonews.net·Aug 6, 20267.5
ICE Joins OKX in 50-50 Broker-Dealer Deal Targeting US Tokenized Equity Markets
Stocks

ICE Joins OKX in 50-50 Broker-Dealer Deal Targeting US Tokenized Equity Markets

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, and crypto platform OKX have formed a 50-50 joint venture to develop infrastructure for U.S.-regulated tokenized equities and futures markets. This new entity will operate as a U.S.-registered broker-dealer and futures commission merchant, pending regulatory approval. By combining OKX’s 120 million global users with ICE’s established market benchmarks and clearing infrastructure, the partnership aims to bridge the gap between traditional finance and blockchain-enabled trading. Former New York Governor Andrew Cuomo will serve as co-chair of the venture, emphasizing the goal of creating a more transparent and resilient financial system. This collaboration represents a significant institutional move, as it focuses on building regulated, blockchain-native rails rather than merely listing existing crypto assets. The deal deepens a strategic relationship that began with ICE’s investment in OKX in March 2023. Ultimately, this infrastructure-level integration signals a major shift toward the institutionalization of tokenized financial products for both retail and professional traders.

#TokenizedEquities#NYSE#OKX
news.bitcoin.com·Jun 22, 20269.0

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