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Edition No. 042
New York · London
Secondaries Daily
The Daily Read on the Secondary Market
Thursday, September 24, 2026
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In PWD coverage since August 25, 2026 · 6 stories
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Aug 24, 26
Deal announced
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coverage
PWD coverage
tokenization
The SEC built a venue rule. Tokenized stocks still have no buyers.
TD Cowen expects limited adoption of tokenized U.S. equities, and the five-year permit it doubts may matter more as market-structure relief than as a stock market.
custody · Sep 17
Circle's Arc logged 7.83 million transactions, almost none of them payments
the_wrap · Aug 31
Tokenization's real fight is collateral, not issuance
the_wrap · Aug 28
Tokenization stops wrapping and starts working
the_wrap · Aug 27
Stablecoin winners will own distribution, not issuance
tokenization · Aug 25
EDX Markets adopts Figure YLDS as collateral and treasury
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