Wall Street just took a step crypto holders waited years to see. Morgan Stanley turned U.S. stocks and Treasuries into tokens through DTCC, the firm that settles nearly every U.S. stock trade.
Yet ONDO, the biggest stock token issuer, slipped on the day. This Crypto News shows banks moving on chain faster than the coins built for it.
Past bank firsts lifted large coins while smaller projects built underneath. Below these headlines, Pepeto has raised more than $11.2 million for an exchange, bridge and scanner.
Crypto News: Morgan Stanley Tokenizes Stocks and Treasuries Through DTCC
Morgan Stanley said in a November 3 post that it is among the first banks to tokenize U.S. stocks and Treasuries through DTCC’s new service. DTCC opened the service on October 28 with 20 firms. Its 34 eligible securities are worth about $30 trillion, 11 times the crypto market.
The tokens sit on Canton and a private DTCC chain, with more chains due in 2027. This Crypto News puts tokens inside Wall Street’s plumbing, and while banks take years, a smaller coin shows what early money can do.
Banks Put Stocks On Chain as an Early Coin Builds Its Bridge
Pepeto: Why Analysts See 100x to 300x Room
ONDO and other listed coins need hundreds of millions to climb 10%, whether the buyer brings $1,000 or $1 million. Pepeto builds for that same shift at an earlier stage. Bank tokens will sit on several chains, and moving value between them safely is the hard part. Analysts project 100x to 300x after listing, and the bridge is a big part of why.
Its bridge locks tokens in an audited contract on the first chain and mints them on the second only after the lock is proven on chain. There is no wrapped IOU, so total supply never changes. It covers Ethereum, BNB Chain, Solana, Base and Arbitrum, finishes in under a minute and charges $0. No operator holds funds, and failed transfers reverse by themselves.
The bridge sits beside PepetoSwap, an exchange with no fees, and a scanner that checks a contract before a trade. Each tool is in development, with early access for a private group of community members and the project’s major backers.
A $1,000 trade costs $3 on Uniswap and $0 on PepetoSwap, and over 200 trades of $5,000 the gap reaches $3,000. Anyone who saves that much comes back, with the token that powers the platform in their wallet. With 420 trillion tokens and no way to add more, rising use means rising demand.
The code carries a SolidProof audit, the cofounder who built the original Pepe leads, and a member of the dev team was a Binance expert. Holders who stake earn 160% APY, a yearly figure, claimed at listing. At $0.0000001905, Pepeto is still early, and no later stage will sell lower. How do ONDO and KAS look against that?
Ondo (ONDO): The Stock Token Leader Slips on Bank News
ONDO trades at $0.389 on CoinMarketCap, down about 1% in a day, even as a top bank tokenized stocks. Ondo runs the largest stock token platform, with about 70% of that market, per the company.
At about $1.9 billion in value, it needs some $190 million in purchases per 10%. Its October 26 level near $0.41 sits about 6% higher, and more needs bank deals to reach Ondo itself.
Kaspa (KAS): Flat Near $0.031 After a Weak Session
KAS trades at $0.0313 on CoinMarketCap, flat on the day, after CoinCodex listed it among the five weakest top 200 coins on November 4. It sits about 85% below its August 2024 record of $0.2075.
At about $870 million in value, KAS needs roughly $87 million of buying per 10%. DappRadar’s model sees about 5% over the next month, the realistic ceiling unless buyers return.
Conclusion
This Crypto News shows banks racing onto blockchains while ONDO and KAS stand still, while early buyers look at newer projects. Pepeto kept raising through a soft market, passing $11.2 million, with a Binance listing approaching.
DOGE rose from about $0.002 in early 2020 to $0.73 in May 2021, and that run paid the buyers who moved before the crowd.
Wallets buying on the Pepeto official website are taking that same early seat. The choice is one purchase at this price, or a year of working out what it would have earned.
Click To Visit Pepeto Website To Enter The Presale
FAQs
Which milestone did Pepeto hit in this week’s crypto news?
Pepeto has passed $11.2 million in its presale, with its exchange, bridge and scanner in private testing before listing.
What did Morgan Stanley reveal in its November 3 post?
It tokenized U.S. stocks and Treasuries through DTCC’s service, a sign tokens are reaching Wall Street, and early money is moving through the Pepeto official website.
What price action stands out for ONDO and KAS this week?
ONDO sits near $0.389, down about 1% despite the bank news, while KAS is flat near $0.031 after a weak November 4 session.