Stocks

On 9 January 2026, tokenized equities were described as moving from theory into early real-world deployment, hinting at a deeper shift in how stocks might trade and settle through blockchain infrastructure. Two main models are forming, one focused on tightly controlled, compliance-heavy environments and another enabling broader onchain movement and DeFi integration. Despite still modest scale compared with other tokenized real-world assets, market activity in 2025 and ongoing regulatory engagement suggest tokenized stocks could become an important link between traditional markets and digital finance going into 2026.

On Thursday, Terry Smith said his £16 billion Fundsmith Equity fund returned 0.8% in 2025, lagging the 12.8% global benchmark and 4.2% cash deposits. He cautioned investors not to expect annual outperformance and noted a 1.7% average yearly beat since 2010. Peer funds averaged 10.8%, according to Investment Association figures he cited.

TSMC reported NT$1.05 trillion ($33.1 billion) in revenue for the quarter ended December, surpassing the NT$1.02 trillion forecast and marking about a 20% increase. Demand for Nvidia's AI chips and Apple processors contributed to the strength. The company will hold its earnings call on January 15, when it is expected to outline a 2026 spending budget of at least $48 billion.

D-Wave Quantum said Wednesday it will acquire Quantum Circuits in a $550 million deal, split between $250 million cash and $300 million in QBTS stock. The move adds error-corrected, gate-model capabilities to D-Wave’s annealing portfolio and marks its first acquisition since listing in August 2022. Shares have risen sharply over the past year.

On January 9, 2026, Vistra Corp. (NYSE: VST) jumped 13.28% to $170.59 in premarket trading after Meta agreed to 20-year power purchase agreements. The contracts total 2,609 MW of nuclear capacity across three PJM-region plants, with deliveries starting in late 2026 and additional uprate capacity phased in through 2034.

Paramount Skydance Corporation's PSKY shares climbed 2.69% in premarket trading on January 9, 2026, after the company restated its $30 per share all-cash proposal for Warner Bros. Discovery. The move intensified the bidding contest with Netflix, as Paramount argued its offer delivers higher value and greater certainty, while WBD's board has so far rejected the approach.

On January 9, 2026, JPMorgan analysts led by Nikolaos Panigirtzoglou said crypto de-risking is moderating, with ETFs and futures indicators pointing to stabilization. They contrasted December withdrawals from Bitcoin and Ethereum with record global equity ETF inflows of $235 billion. The team also views MSCI's planned February 2026 inclusion of crypto-related firms in benchmarks as supportive.

Since Tuesday, US spot Bitcoin ETFs saw $1.13 billion in outflows and Ether funds lost about $258 million, according to SoSoValue. Those reversals followed $1.17 billion of inflows on Jan. 2 and Monday, and echo the $446 million in ETP redemptions reported for the Christmas period on Dec. 29.

South Korea will introduce round-the-clock foreign exchange trading from July as part of a broader push to secure developed-market status from MSCI. Under President Lee Jae Myung, the KOSPI surged 76% last year, while officials also upgraded the country's 2026 growth forecast to 2.0% on expectations of stronger exports and domestic demand.

Bank of America has lifted Coinbase shares to a buy rating, pointing to easing tax-loss selling, reversing short interest and the exchange’s push to bring traditional finance onchain. The bank estimates COIN could climb about 38% from current levels to $340, while shares have swung between $151.8 and $419.8 over the last year. Analysts also highlight a potential Base network token and crypto-friendly policy under President Donald Trump as additional catalysts, though competition and market corrections remain risks.