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

• The S&P 500 closed at a record high yesterday, with the Dow and Nasdaq also advancing after upbeat US economic data.

  • The S&P 500 gained 0.4%, its 42nd all-time closing high this year. The Dow rose 0.6%, while the Nasdaq rose 0.6%.

• US GDP growth for Q2 was confirmed at 3%, suggesting a more modest 25 basis point rate cut in November.

• New York City Mayor Eric Adams was charged with fraud for allegedly accepting $10 million in improper campaign contributions.

• OpenAI allegedly considered restructuring to for-profit as CTO Mira Murati, Chief Research Officer Bob McGrew, and VP Barret Zoph departed.

  • CEO Sam Altman dismissed any connection between the two.

🕶️ 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:

“Also bad for the company. Unions went from being necessary to protect workers who were exploited to workers exploiting the companies they worked for. Employees, like in Detroit manufacturing jobs, seem to give themselves raises until they are out of a job. ”

🧠 What do you think?

Without looking, how relevant do you think Dell still is?

📊 Stocks

Winners and losers

Earnings, upgrades, and acquisitions

• BlackBerry rose 6% after hitting breakeven EBITDA and non-GAAP EPS in Q2.

• Accenture beat Q4 earnings expectations; shares jumped 4.5%.

• Jabil climbed 11.65%, surpassing Q4 expectations.

• Costco beat estimates while revenue fell short, causing shares to inch up 0.51%.

• CarMax exceeded Q2 revenue expectations despite a 0.9% YoY decline; stock surged 4.99%.

Market movers

• Dell ordered its global sales team to work from the office five days a week.

• Vitesco Technologies agreed to pay former parent Continental €125 million to settle a diesel emissions probe.

• Drata laid off 9% of its workforce, affecting 40 employees.

• Citigroup and Apollo Global partnered for a $25 billion private credit and direct lending program.

• Google's NotebookLM added support for YouTube videos and audio files as new source types.

📺 What to Watch Today