Media from @trydiv | teapawt

what they actually announced: tokenized exposure through ondo stocks, launching when anthropic starts trading. no calendar date. anthropic has not set a listing day (s-1 filed oct 26, nasdaq ticker $ANT). ondo's own docs, not a recap: ▸ each token is a structured note — a debt instrument issued by ondo global markets (bvi) ▸ backed 1:1 (plus a buffer) by the underlying securities held at a regulated broker-dealer ▸ you can redeem for the then-value of those assets ▸ you do not get shareholder voting rights, information rights, or a place on the share register

Quoted excerpt from Ondo Stocks legal docs: tokenized stocks are structured notes issued by Ondo Global Markets (BVI), with no shareholder voting or information rights, and not sold to U.S. persons.

ALT Quoted excerpt from Ondo Stocks legal docs: tokenized stocks are structured notes issued by Ondo Global Markets (BVI), with no shareholder voting or information rights, and not sold to U.S. persons.

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Replying to @Ondo

@Ondo says anthropic is coming onchain on ipo day. the biggest ai listing of the year, tokenized from session one. read the wrapper before the trailer. it is not a share.

Card comparing three Anthropic products: a live HIP-3 perpetual, an Ondo structured note planned for IPO day, and the actual Nasdaq share. Only the share sits on a register.

ALT Card comparing three Anthropic products: a live HIP-3 perpetual, an Ondo structured note planned for IPO day, and the actual Nasdaq share. Only the share sits on a register.

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four numbers, four different things. ▸ padding: once the caller controls about half the signed block (a 64-byte digest at 1024 bits), pkcs#1 v1.5 padding adds no extra protection vs an unrestricted signing oracle ▸ ~1,600x: leading-order estimate for a short 32-byte digest. that affine algorithm has never been run at cryptographic size ▸ 3.5x: measured. agents reproduced a published 1024-bit unrestricted-oracle instance in 391 core-years vs 1,380. same algorithm and polynomials — better code, not a new attack ▸ ~30x: estimated cost per extra 1024-bit key after one large precompute, vs the 1993 batch method (mnfs) signers that hash inside the device sit outside both oracle models.

Quoted excerpt from the DeepMind working paper: 391 CPU core-years, 3.5 times less than the original computation, and a statement that 2048-bit and larger RSA is not threatened.

ALT Quoted excerpt from the DeepMind working paper: 391 CPU core-years, 3.5 times less than the original computation, and a statement that 2048-bit and larger RSA is not threatened.

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agents didn't break rsa. @GoogleDeepMind published two working papers on friday: human-guided agents stress-tested leftover 1024-bit rsa. the papers say modern 2048-bit and larger deployments are not threatened. the story is speed, not a break.

Card explaining DeepMind RSA-1024 research numbers: 1600x is an estimate never run at size, 3.5x was measured, 30x is per extra key, and padding stops helping at half the block. 2048-bit RSA is not threatened.

ALT Card explaining DeepMind RSA-1024 research numbers: 1600x is an estimate never run at size, 3.5x was measured, 30x is per extra key, and padding stops helping at half the block. 2048-bit RSA is not threatened.

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hip-3 is ten dexes on paper. on a sunday morning it's basically one quiet book. pulled the hyperliquid hip-3 registry this morning (7:51 am ist). ▸ @tradexyz: $368m / 24h (91.8% of hip-3 volume) · $4.28b oi (95.9%) · 120 live markets ▸ @entropyIO: $31.9m / 24h (8.0%) · $166m oi ▸ paragon: $0.9m ▸ markets by kinetiq: $0.1m ▸ the other six dexes: zero live markets whole hip-3 book: $401m volume across 168 live markets (325 names in the registry). this 24h window starts after friday's u.s. cash session. yesterday morning's pull still had friday in it — skhx alone printed $535m. today the entire xyz book did $368m. oi barely moved: $4.28b on xyz vs $4.29b yesterday. the positions stayed open. the tape went to sleep. hip-3 still runs on the tradfi clock.

Chart of HIP-3 24-hour volume share on November 8, 2026 at 7:51 AM IST: trade.xyz 91.8 percent, entropy.io 8.0 percent, with total HIP-3 volume of $401 million after the U.S. Friday cash session.

ALT Chart of HIP-3 24-hour volume share on November 8, 2026 at 7:51 AM IST: trade.xyz 91.8 percent, entropy.io 8.0 percent, with total HIP-3 volume of $401 million after the U.S. Friday cash session.

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rail 1 — custody twin. @MorganStanley is among the first banks converting u.s. equities + treasuries through @The_DTCC's tokenization service (live oct 28). ▸ 1:1 with securities held at dtc ▸ same ownership rights ▸ 20 institutions · canton + private besu ▸ $114t custody figure is all holdings, not what is tokenized conversion runs in business hours.

Blockhead: Morgan Stanley tokenizes via DTCC; ATS slips to Q1 2027

ALT Blockhead: Morgan Stanley tokenizes via DTCC; ATS slips to Q1 2027

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this week made the tokenized-stock split impossible to ignore. three rails shipped headlines at once. ▸ dtc entitlement twin ▸ issuer-sponsored share ▸ rfq economic claim same label. different rights.

Three rails of tokenized stocks: DTC twin, issuer register, RFQ claim

ALT Three rails of tokenized stocks: DTC twin, issuer register, RFQ claim

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what an fcm actually is: the regulated broker that holds a u.s. customer's futures account and the money in it. if approved, hypestrat markets would carry accounts for permissioned hip-3* markets on @HyperliquidX — allowlisted addresses, not the open book.

Underhyper: Hyperliquid Strategies files to become US futures broker

ALT Underhyper: Hyperliquid Strategies files to become US futures broker

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a nasdaq company that mostly buys hype just filed to become a u.s. futures broker. @HypeStrat (purr) → subsidiary hypestrat markets llc applied as an fcm. pending. not live. not hyperliquid labs.

Hyperliquid Strategies FCM filing: 38.5m HYPE, $621m NI, pending

ALT Hyperliquid Strategies FCM filing: 38.5m HYPE, $621m NI, pending

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overnight brent took the top of the trade.xyz book from skhx. pulled the hyperliquid xyz book this morning (7:57 am ist). ▸ brentoil: $396m oi (was #3 yesterday at $369m) ▸ sp500: $385m ▸ skhx: $353m (was #2 at $393m) ▸ gold: $305m ▸ xyz100: $291m whole book: $4.29b across 120 markets (cooled from $4.53b). semi / memory cluster still $1.27b. commodities sit at $1.11b. the cluster didn't flip. the leadership did. yesterday the memory trade was the story. today oil is sitting on top of the stock-perp book.

trade.xyz open interest Nov 7: Brent $396m leads SKHX $353m; book $4.29b

ALT trade.xyz open interest Nov 7: Brent $396m leads SKHX $353m; book $4.29b

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the three traditional agents — broadridge, computershare, equiniti — together serve close to 5,000 publicly listed companies. nearly 99% of the s&p 500. that's not a crypto partnership press release. that's the existing shareholder register saying it's willing to move onchain.

Screenshot of NYSE transfer agent partners announcement Nov 2 2026

ALT Screenshot of NYSE transfer agent partners announcement Nov 2 2026

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the register keepers of ~99% of the s&p 500 just lined up for nyse's tokenized securities venue. nov 2, nyse added four transfer agents to the two it already had: ▸ broadridge ▸ computershare ▸ equiniti ▸ superstate already on: securitize + tzero.

NYSE transfer agent partners card: Broadridge Computershare Equiniti Superstate Securitize tZERO

ALT NYSE transfer agent partners card: Broadridge Computershare Equiniti Superstate Securitize tZERO

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these names are not trading on crypto sentiment. if they were, they'd be up with bitcoin. most of what was announced this quarter does not earn revenue yet. 2027 is when the announcements have to turn into volume.

Screenshot of Unchained article on tZERO $350M SPAC deal

ALT Screenshot of Unchained article on tZERO $350M SPAC deal

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tokenization stocks have lagged bitcoin since the category went public. since securitize listed on july 2: ▸ securitize: −41% ▸ figure: −36% ▸ canton strategic holdings: −28% ▸ bitcoin: +25% (the block, nov 5)

Tokenization stocks vs bitcoin performance and tZERO SPAC card

ALT Tokenization stocks vs bitcoin performance and tZERO SPAC card

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the memory trade is the real stock-perp book on trade.xyz right now. pulled the hyperliquid xyz book this morning. $4.53b open interest across 120 markets. the semi / memory cluster alone is $1.39b. mega-cap names (googl, aapl, msft, meta, amzn, tsla, nvda, spcx…) sit at $865m. ▸ skhx: $393m oi, $884m traded in 24h ▸ mu: $187m ▸ sndk: $168m ▸ skhy: $123m ▸ intc: $108m sk hynix and micron are carrying more risk than most of the "household" names. onshore stock perps are still arguing about four tickers at 4.9x. offshore, the book that matters is dram.

trade.xyz memory/semi open interest card, Hyperliquid API pull Nov 6 2026

ALT trade.xyz memory/semi open interest card, Hyperliquid API pull Nov 6 2026

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what made it different from every "tokenized stock" so far: ▸ @CantonStrategic sponsored the token of its own common stock ▸ @fairmint, an sec-registered transfer agent, recorded it on the official register ▸ five north moved its shares from a broker account into a verified wallet ▸ @flowdesk_co provided liquidity, drw @CumberlandSays bought ▸ settled atomically on @CantonNetwork through @tradecraftfi holders get the same rights as nasdaq holders. the token is the share

Excerpt from the Canton Strategic Holdings press release, Nov 4 2026: trades settled atomically on Canton; Fairmint maintains the official onchain record of ownership; holders get the same rights as Nasdaq holders.

ALT Excerpt from the Canton Strategic Holdings press release, Nov 4 2026: trades settled atomically on Canton; Fairmint maintains the official onchain record of ownership; holders get the same rights as Nasdaq holders.

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the first tokenized us stock trade under the sec's innovation exemption cleared on nov 4 4 purchases 14,460.66 shares $30,296 total smaller than a car loan, and still the most important print this category has had all year

Diagram of the first tokenized US stock trade under the SEC Innovation Exemption: Canton Strategic issuer, Fairmint transfer agent, TSV on Tradecraft venue, atomic settlement on Canton; 4 purchases, 14,460.66 shares, about $2.08, $30,296 total; versus 59 objectors at OKXICE.

ALT Diagram of the first tokenized US stock trade under the SEC Innovation Exemption: Canton Strategic issuer, Fairmint transfer agent, TSV on Tradecraft venue, atomic settlement on Canton; 4 purchases, 14,460.66 shares, about $2.08, $30,296 total; versus 59 objectors at OKXICE.

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