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 retreated, with the S&P 500 and Dow snapping their recent winning streaks.

  • The S&P 500 fell 0.19%, while the Dow dropped 0.70%.

• Meta unveiled a $299 Quest 3S VR headset, positioning it as a full computer to compete with Apple.

• OpenAI CTO Mira Murati announced her departure from the company after six and a half years.

• Pfizer announced plans to withdraw its sickle cell disease treatment Oxbryta from all markets.

🕶️ 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:

“People will always worry. Some things will be better; others will be worse. Net neutral.”

🧠 What do you think?

After years of decline, unions are flexing their muscles again.

📊 Stocks

Winners and losers

Earnings, upgrades, and acquisitions

• Micron forecast Q1 revenue of $8.70 billion, above estimates of $8.28 billion; shares surged 10%.

• Cintas reported Q3 EPS of $1.10, beating estimates and topping expectations, but shares went down 1%.

• Jefferies Financial Group options indicated a 2.9% move in share price post-earnings; shares were up 0.7%.

Market movers

• Volkswagen rejected union demands as workers threatened strikes over potential plant closures in Germany.

• Alphabet, Goldman Sachs, and nine other firms agreed to pay $3.8 million in penalties to settle SEC charges over late filings.

• Southwest Airlines made plans to reduce staff, cutting more than 300 pilot and flight attendant positions.

• The FTC cracked down on deceptive AI claims, taking action against five companies including DoNotPay and Rytr for misleading consumers.

• CBS Broadcasting laid off 12 WGA East members as part of broader Paramount cuts affecting 2,000 employees.

📺 What to Watch Today