Tune into this episode of the Security Token Show where this week Herwig Konings, Kyle Sonlin, Nico Pantelis, and guest contributor Dr. Bob Murphy from infineo cover the industry leading headlines and market movements, including how tokenized stocks are taking off, IP tokenization, and more RWA news!

This week Jason Barraza had the opportunity to interview Jerald David (JD) from Arca Labs and Alan Konevsky from tZERO to talk about their new Lynq Network, Crypto.com joining as their latest launch partner, and what it means for the industry. JD and Alan also share one more surprise launch partner!

Dinari’s CEO Gabriel Otte also came on for an interview around their recent $12.7M Series A round, how they’ll be expanding, insights on where there’s demand for tokenized US stocks, arbitrage opportunities, and more.

Company of the Week - Herwig: Beyond, Inc.

Company of the Week - Kyle: Permuto Capital 

The Market Movements

1. GENIUS Act Did NOT Pass!

2. Securitize Receives Investment from Jump Crypto: https://news.bitcoin.com/jump-crypto-takes-strategic-stake-in-securitize-to-bolster-blockchain-finance/ 

3. Beyond to Close Overstock IP Token RegCF Early: https://investors.beyond.com/news-events/press-releases/news-details/2025/Beyond-Inc--Announces-the-Early-Closing-Date-of-the-Overstock-O-Digital-Asset-Security-Offering-on-the-tZERO-Platform/default.aspx 

4. Beyond Doubles Down With Second Offering: buybuy BABY IP Token: https://investors.beyond.com/news-events/press-releases/news-details/2025/Beyond-Inc--Announces-the-Launch-of-the-BABY-Digital-Asset-Security-Offering-on-the-tZERO-Platform/default.aspx

5. Robinhood to Tokenize American Stocks for Europe: https://crypto.news/robinhood-plans-tokenized-u-s-stocks-for-european-investors-report/ 

6. US Treasury’s TBAC Releases Report on Stablecoins and Interest: https://www.ledgerinsights.com/us-treasury-report-on-stablecoins-mulls-upside-of-offering-interest/  

7. Stripe Expands Stablecoin Accounts to 100+ Countries: https://cointelegraph.com/news/stripe-announces-stablecoin-financial-accounts 

The Token Debrief

1. Inveniam Acquires Data Company Tractiv for Private Markets AI: https://www.inveniam.io/resources/inveniam-acquires-tractiv-to-enhance-enterprise-grade-ai-technology-for-private-markets

2. BVNK Receives Investment from Visa as Stablecoins Heat Up: https://www.forbes.com/sites/danielwebber/2025/05/06/visa-invests-in-bvnk-in-powerful-validation-of-stablecoins-future/  

3. Colb Asset Raises 7.3M Seed Extension: https://crypto.news/colb-asset-raises-fresh-funds-to-bring-pre-ipo-equities-on-chain/  

4. Superstate Announces Tokenized Equities Platform “Opening Bell”, SOL Strategies to Offer First Token: https://superstate.com/blog/superstate-reveals-opening-bell-public-equities-onchain 

5. RedSwan to Tokenize Altus Opportunity Fund on Hedera

6. Permuto Capital Amends S-1 Filing to Tokenize MSFT: https://blockchain.news/flashnews/s-1-filing-for-tokenized-msft-stock-major-step-for-crypto-equity-integration 

7. Project Ensemble by HKMA Sees Northern Trust Join Carbon Credits Pilot: https://techbullion.com/northern-trust-joins-project-ensemble-to-pilot-tokenized-carbon-credits/ 

8. Citi to Partner with SDX as Custodian and Tokenization Engine: https://www.citigroup.com/global/news/press-release/2025/citi-and-sdx-join-forces-to-unlock-access-to-tokenized-private-market-assets-for-global-issuers-and-investors  

9. New Kyrgyzstan Gold-backed USDKG Planned for Q3 Launch: https://coinedition.com/kyrgyzstan-to-launch-gold-backed-usd-pegged-stablecoin-usdkg-by-q3-2025/ 

10. Deutsche Borse Integrates FX Platform into Digital Exchange: https://www.ledgerinsights.com/deutsche-borses-360t-unveils-3dx-digital-exchange-for-crypto/ 

11. Onchain Risk Detection: Tether’s Hadron and Chainalysis: https://tether.io/news/hadron-by-tether-integrates-chainalysis-sets-new-standard-for-compliant-tokenization/ 

12. Kinexys by J.P.Morgan Works with MIT to Explore Token Standards Banks: https://www.ledgerinsights.com/standards-for-bank-tokens-proposed-by-kinexys-by-jp-morgan-mit/ 

13. Kinexys Digital Payments Expands to MENA, Supporting 8 Banks in Region: https://www.theblock.co/post/352722/jpmorgans-blockchain-unit-mena-expansion 

14. ECB Launches Innovation Platform for Euro CDBC with 70 Organizations: https://www.ledgerinsights.com/70-organizations-join-ecbs-digital-euro-innovation-platform/ 

15. Malaysia’s Securities Commission Introduces RWA Regulatory Framework: https://www.ledgerinsights.com/sc-malaysia-proposes-plans-for-tokenized-capital-market-products/ 

16. Custodia Teams Up With Vantage for Onchain Cross-Border Deposits: https://www.ledgerinsights.com/custodia-vantage-enable-cross-border-tokenized-deposits-on-ethereum/ 

⏰ TABLE OF CONTENTS ⏰

0:00 Introduction

0:16 Welcome

1:07 Market Movements

29:30 STS Interviews: Lynq Network

36:52 Token Debrief

47:47 STS Interviews: Dinari

57:26 Companies of The Week