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

• S&P 500 and Dow hit fresh records as China's stimulus boost outweighed weak US consumer confidence.

  • The S&P 500 rose 0.25%, its 41st record close of the year, while the Dow gained 0.1% to a record 42,208.41.

• The Justice Department sued Visa for alleged antitrust violations, accusing the company of suppressing competition.

• Former President Donald Trump pledged tax breaks and lax regulations for companies that relocate manufacturing to the US if he wins in November.

• Caroline Ellison was sentenced to two years in prison and ordered to forfeit $11 billion for her role in the FTX fraud case.

🕶️ Market Vibes

🎰 Market Forecasts and Futures

Forecasts via ​Kalshi​, the prediction market.

😱 Fear and Greed Index

🎤 What you said last time

What you had to say:

“I legitimately thought they were long gone, though I have some fond memories of scouring the video game section of the local one before they closed up shop when I was about 10.”

🧠 What do you think?

📊 Stocks

Winners and losers

Earnings, upgrades, and acquisitions

• AutoZone reported Q4 earnings of $51.58 per share, missing estimates; shares fell 2.7%.

• Worthington Industries missed Q1 EPS estimates by 23 cents and shares fell 1.5%.

• Stitch Fix posted Q4 losses of 29 cents per share, wider than expected as shares plummeted 19.15%.

• KB Home missed Q3 EPS estimates by 2 cents; shares went up 6.5%.

• Thor Industries beat Q4 earnings estimates but projected well below the analyst estimate and shares dropped 2.97%.

Market movers

• The US FTC fined Invitation Homes $48 million for charging undisclosed fees to renters between 2021 and 2023.

• The Teamsters Union secured a new four-year contract with BorgWarner, including a 21% wage increase and $5,500 ratification bonus.

• Microsoft announced a $1.3 billion investment in Mexico over three years to boost cloud and AI infrastructure.

• OpenAI rolled out Advanced Voice Mode to more ChatGPT users, adding five new voices and improved accent recognition.

📺 What to Watch Today