Innovation exemption? Some questions
Plus: market calm, inflation expectations and more
“A dead thing can go with the stream, but only a living thing can go against it.” – G. K. Chesterton ||
Hello everyone! I hope you’re all doing well. Gorgeous weather here in Madrid today – from my desk I can see tiled rooftops and the bluest of blue skies.
PUBLISHED IN PARTNERSHIP WITH: ✨ ALLIUM ✨
Tokenized equities hit ~$1B in supply since launching in mid 2025. The market structure is more interesting than the milestone.
Allium’s latest research covers where liquidity actually lives, how tokenized prices compare to traditional equities, overnight price discovery, and why ~90% of volume is outside the US.
For fintech platforms, exchanges, institutional investors, and builders evaluating the tokenized equities opportunity.
→ Read the report: https://www.allium.so/reports/allium-tokenized-equities-report-q1-2026
IN THIS NEWSLETTER
Innovation exemption? Some questions
Markets: if it moves…
Term of the day: Inflation-linked bonds
Crypto is Macro Now offers ~daily commentary and updates on the overlap between the crypto and macro landscapes. Plus links and more.
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WHAT I’M WATCHING:
Innovation exemption? Some questions
Tokenized markets have been a pie-in-the-sky dream of blockchain enthusiasts for so many years that it feels surreal to see the pieces actually falling into place.
