SEC-filed results show $18.6m quarterly revenue, a $66.3m GAAP loss and diverging tokenisation and servicing trends. The River One purchase and $50m repurchase authorisation add distinct capital-allocation questions.
Deutsche Börse says its clearing house will integrate digital instruments into repo and margin workflows instead of isolating tokenised assets in a separate liquidity pool.
The collaboration allocates distribution, custody and correspondent-clearing roles among named regulated affiliates without presenting proposed fund issuance as completed trading.