Stocks

Eighty-three percent of major financial institutions now provide digital asset services, with tokenization emerging as the most widespread offering across firms including Goldman Sachs, JPMorgan, Deutsche Bank, and the London Stock Exchange. Tokenized real-world assets are projected to grow from $0.6 trillion in 2025 to nearly $19 trillion by 2033, data show. The technology places bonds, funds, real estate, and credit products on programmable infrastructure, reducing settlement times and eliminating intermediary layers.

The Monad token sale on Coinbase raised approximately $216 million against a $187 million target as of November 23, reaching 115% subscription. Participation surged in the final 24 hours before the scheduled close, with over $43 million in commitments recorded during that period.

Several Solana exchange-traded funds debuted this week from Fidelity, 21Shares, VanEck, and Canary Capital. Solana's Real World Assets total value locked reached $800 million in early November, marking a 13% monthly increase. BlackRock's BUIDL fund posted a 768% quarter-over-quarter surge during the same period.

Bit Digital reported $30.5 million in revenue for the third quarter of 2025, a 33% increase from the prior year. The company expanded its Ethereum holdings fivefold to 153,547 ETH, valued at approximately $590.5 million as of October 31, 2025. Its AI cloud services unit, WhiteFiber, generated $18 million in revenue during the period.

Harvard University raised its stake in BlackRock's IBIT spot bitcoin ETF to 6.8 million shares valued at $442.8 million as of September 30, according to regulatory filings. The holding expanded 257% from 1.9 million shares reported in June. IBIT now represents Harvard's largest declared US investment, surpassing positions in Microsoft, Amazon, and the SPDR Gold Trust.

Strategy Executive Chairman Michael Saylor issued his second public statement in two weeks addressing investor concerns over the company's stock performance. The statement followed a JPMorgan warning that Strategy could face removal from MSCI equity indices, potentially triggering forced selling by index-tracking funds. MSTR shares declined an additional 3% on Friday, trading near $171.

Nakamoto Holdings posted additional collateral to its $250 million Bitcoin-backed loan facility twice within one week as Bitcoin dropped below $92,000. The company, which holds a convertible note arrangement with Antalpha, transferred 1,000 BTC from its treasury on November 21 to meet margin requirements. CEO David Bailey stated that 367 BTC previously moved from holdings were invested in shares of other Bitcoin treasury companies rather than sold outright.

Strategy chairman Michael Saylor addressed concerns about potential removal from MSCI indices as the company's stock declined 44% over the past month. The firm holds 649,870 BTC acquired for approximately $48.4 billion and maintains positions in Nasdaq-100, MSCI USA, and MSCI World indices. Saylor emphasized the company operates as a publicly traded firm with a $500 million software business, distinguishing it from passive investment vehicles.

Binance Japan launched cryptocurrency trading via PayPay Money and PayPay Points on Friday. Warren Buffett's Berkshire Hathaway increased its holdings in five major Japanese trading houses to $31 billion by end-October, up from $6.3 billion in 2020. Japanese ETF inflows reached a record $6 billion in October, with 2025 projected to hit $50 billion.

Strategy Inc. may be excluded from major equity indices under a proposed MSCI rule targeting firms with over 50% digital asset holdings. JPMorgan estimates the change could trigger approximately $2.8 billion in forced selling from MSCI-tracking funds, with total passive exposure near $9 billion. The company claims its Bitcoin treasury can fund preferred dividends for 71 years at current prices.