StoneX sees 97% upside for Bullish as $4.2 billion Equiniti deal opens tokenization market
StoneX initiated coverage of Bullish with a Buy rating and a $42 price target, implying roughly 97% upside from its current levels.
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| ▼ 0.00% |
| Tether Gold (tokenised gold) | 4,066.71 | ▼ 0.37% |
| Ondo USDY (tokenised treasuries) | 1.1500 | ▲ 0.05% |
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The brokerage firm said it would rather help build tokenized markets than sit on the sidelines, following a wave of early corporate pushback to the Intercontinental Exchange and OKX joint venture.
StoneX initiated coverage of Bullish with a Buy rating and a $42 price target, implying roughly 97% upside from its current levels.
Bitmine bought another 9,587 ETH last week, closing in on its target of 5% of Ethereum's circulating supply.
Avalanche will serve as the core settlement ledger for the exchange's planned blockchain stock market
Launch is expected in early 2027, with tokenized shares of Exodus Movement, Forward Industries, and Galaxy Digital among initial offerings.