Tokenization

Above Food Ingredients (ABVE) is merging with Palm Global Technologies, with ~90% shareholder support. ABVE appointed CBIZ CPA to regain Nasdaq compliance. Palm Global partners with Promax United to tokenize $1.5T in sovereign assets and launch a gold-backed stablecoin ($350B US gold). Fifteen African nations may adopt the stablecoin as official currency, adding over $100B in assets to Palm Global’s balance sheet. ABVE faces Nasdaq delinquency but anticipates audit completion within 4-6 weeks.

Robinhood is expanding its global reach with stock and ETF tokens for EU investors, marking a significant entry into the European market. The company is also developing its own Layer 2 blockchain for tokenized assets. Additionally, Robinhood is launching crypto perpetual futures in the EU and crypto staking for US customers, further broadening its crypto offerings and aiming to make investing more accessible worldwide.