Proud to take this next step with @Uniswap. 🦄 U.S. and South Korean equities powered by Stove are now live through Uniswap. This marks an important step in connecting global capital markets with onchain liquidity — starting with two markets, with more to come. Global markets are coming onchain.

🚀 $40B to fuel the AI race. SpaceX has secured a $40 billion GPU financing deal through a master lease agreement with Apollo Global Management to fund NVIDIA GPU computing equipment and dedicated data center facilities, with deliveries starting in phases in 2027. As AI computing demand surges, innovative financing structures are becoming a key tool for scaling the infrastructure behind the AI boom.

📈 Tokenized stocks are growing fast. The distributed value of tokenized stocks has reached $3.53B. The next challenge? Building deeper liquidity and expanding how tokenized assets can be used across onchain markets.

📈 AI stocks are back in focus. Super Micro Computer just raised its Q1 FY2027 revenue guidance to a staggering $18.5B–$19.5B, reigniting massive momentum across the AI and semiconductor sectors. As tokenized equities gain traction, the real opportunity goes beyond bringing stocks onchain — it’s about making these high-demand assets usable across DeFi, from liquidity pools to new financial apps. Which AI giants or tech sectors would you most like to see become accessible in DeFi?

🇭🇰 Dongshan Precision’s Hong Kong IPO subscription opens today. As AI computing and hyperscale data centers continue to expand, demand for high-performance PCBs and optical transceivers is growing. Dongshan Precision manufactures printed circuit boards (PCBs), precision components, and optical transceivers for consumer electronics, automotive, telecommunications, and AI data center applications.

TradFi assets. DeFi rails. What assets would you love to see used across DeFi? 👀

Global markets were never built on the same infrastructure. Different exchanges. Different currencies. Different trading rules. Different settlement systems. 🔗 Onchain, they don’t have to feel that way. That’s the infrastructure layer we’re building.

What happens onchain when a stock splits? Say a stock goes through a 10-for-1 split. 🔸Native Native follows the same adjustment as the underlying stock. Before the market opens on the effective date, the original Native tokens are burned and new tokens are issued based on the post-split share count. 1 Native → 10 Native Your total position value does not change because of the split itself. 🔸Flow Your Flow token balance does not change. Instead, Flow records the new relationship between Flow and Native in its accounting layer. Before the split: 1 Flow = 1 Native After a 10-for-1 split: 1 Flow = 10 Native 📈 The Flow price adjusts to reflect this updated relationship.

What happens onchain when a stock pays a dividend? 🔹Native Native holders receive the dividend directly in their wallet after applicable withholding tax and service fees are deducted. 🔹Flow Flow holders do not receive a separate dividend payment. Instead, the dividend is recorded in Flow’s accounting layer and reflected in the Flow price. The number of Flow tokens you hold does not change, and the Flow-to-Native conversion ratio does not change.

Global equities are becoming programmable. What should be built next? 🔸A vault? 🔸A lending market? 🔸An index? 🔸Something we haven’t seen yet?

TradFi assets. DeFi rails. Turns out they have a lot to talk about.

What global markets are watching this week ↓ 1️⃣ AI Stocks Face a Reality Check AI chip stocks sold off as concerns over AI revenue expectations and massive financing needs weighed on the sector. Investors are asking a key question: Can AI spending deliver the returns the market expects? 2️⃣ Oil Prices Fuel Inflation Fears Rising oil prices and elevated bond yields put inflation and interest rates back in focus, adding pressure to US stocks. 3️⃣ SpaceX Challenges Telecom Giants SpaceX’s move to acquire a nationwide wireless spectrum portfolio intensified concerns over satellite-based competition, sending telecom stocks lower. Which story do you think will have the biggest impact on markets next? 👀

Who’s next? 👀

More liquidity is joining the network. Great to have Wraxyn building with us. Welcome!

Tomorrow, assets start to flow. 🌊

Liquidity is one destination. But what happens when real equities can move freely through the onchain economy? 🔸Liquidity 🔸Vaults 🔸DeFi applications 🔸New financial products 🔸New ways to use capital 🔸Things we haven’t imagined yet That’s the bigger idea behind Flow. It isn’t built around one application. It’s infrastructure for everything that can happen after access. Where can assets flow? We’re only starting to find out. 🌊

Putting a security onchain makes it tokenized. It doesn't automatically make it DeFi-ready. Securities inherit the structure of financial markets. DeFi expects assets that are programmable, divisible and composable. Flow is designed for the space between the two.

Owning an equity onchain is one thing.Putting it to work is another. Imagine you buy NVDA through Stove. With Native, you get access to the underlying securities market. Move that position into Flow, and it can begin participating in the onchain economy. For example NVDA → Flow → Provide liquidity → Facilitate onchain trades → Earn trading fees Instead of stopping at ownership, the asset gets another job. Access the asset. Then put it to work.

Stove Finance has submitted a comment letter in response to the SEC’s innovation exemption for tokenized NMS stocks. Key highlights: 1. Build the infrastructure for cross-system settlement and reconciliation. We propose clearer frameworks for broker-dealers to connect securities-side records, inventory and settlement with onchain delivery — with consistent reconciliation across systems and clear institutional responsibilities. 2. Develop common standards for interoperability and asset servicing. Tokenized equities require more than trade execution. Corporate actions, recordkeeping, asset conversion and settlement status need to be coordinated as assets move across brokers, custodians, transfer agents and onchain venues, with clearly defined responsibilities and records that can be reconciled across systems. The next phase of tokenized equities will require infrastructure that extends beyond execution to support settlement, reconciliation and lifecycle servicing. Stove Finance is building One Financial Network — connecting capital markets and onchain markets at the infrastructure layer. We welcome institutions and developers working on tokenized securities infrastructure to build with us. Read the full comment: sec.gov/comments/4-927/4927-…