Traditional finance 🤝 Tokenization

In our previous explorations of the ​benefits and pitfalls of tokenization​, three things have become clear:

1. Traditional markets have limitations which tokenization can solve

2. Tokenization is earning trust and respect (Blackrock just ​changed their mind​ on it)

3. There are companies to pay attention to

One company to watch is ​Diamond Lake Minerals​ ($DLMI).

They started in 1954, but are now tokenizing assets across commercial real estate, music, tv, media, and IP, consumer products

How it works:

• Their Security Token Offerings (STOs) allow for real-time settlements and improved transparency.

• DLMI ensures that all investments are conducted on SEC-regulated platforms making it a safe and compliant way to enter the world of digital securities.

• Investors can take advantage of tokenized assets and fixed-rate bonds, providing monthly payments or compounding interest.

Recent news:

• New CEO Brian Esposito took over Aug 23 and has ​lifted​ the stock from $0.35 to a high of $13

• Invested in ​Upstream​: their own licensed digital asset/security token exchange

• Partnered with Republic, Colliers, and ​Boxabl

DLMI is a publicly-traded security. Accredited and non-accredited investors can invest.

Learn more:

• ​DLMI Teaser​

• ​DLMI Deck​

Have a question for CEO Brian Esposito?

​Safe Harbor Statement

📰 Market Headlines

• Stocks edged higher yesterday, with the Dow and S&P 500 setting new records after the Fed’s rate cut.

  • The Dow rose 0.15%, the S&P gained 0.28%, and the Nasdaq climbed 0.14%.

• Former President Trump threatened to impose a 200% tariff on John Deere if it moves production to Mexico.

• California Governor Gavin Newsom signed nine AI bills, targeting deepfakes and election security.

• Boeing offered striking workers a 30% wage hike over four years in its "final" offer.

🕶️ Market Vibes

🎰 Market Forecasts and Futures

Forecasts via ​Kalshi​, the prediction market.

😱 Fear and Greed Index

🎤 What you said last time

🧠 What do you think?

📊 Stocks

Winners and losers

Earnings, upgrades, and acquisitions

• No notable earnings today

Market movers

• The FAA pledged to hold Boeing accountable and overhaul safety after a January mid-air emergency.

• Meta announced plans to unveil celebrity voices, including Judi Dench and John Cena, for its AI chatbot at this week's Connect conference.

• The Swiss National Bank is set for its third straight 25-basis-point rate cut on Thursday.

• Kmart announced plans to close its last full-size store in mainland US on October 20, 2024.

• Biogen and UCB's lupus drug met its primary goal in a late-stage trial, showing a significant reduction in disease activity compared to a placebo.

📺 What to Watch Today