Legal experts warn that investors may be misled into thinking they own actual shares when, in fact, they hold digital tokens issued by intermediaries—tokens that may not come with voting rights, dividend guarantees, or access to company information.

A Symbol, Not a Share: No Direct Rights to the Company

John Murillo, Chief Business Officer at B2BROKER, explains that holders of tokenized RWAs must understand what they’re buying. Most tokens do not provide:

• Ownership of underlying shares
• Voting rights
• Access to corporate financials

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Instead, they may merely represent the potential for capital gains or profit-sharing. This distinction became clear recently when Robinhood offered “private equity tokens” for OpenAI and SpaceX—prompting clarification that these were not actual company shares.

SEC and Crypto Titans: Toward Regulatory Consensus?

Despite the risks, the SEC under Chairman Paul Atkins has signaled a willingness to embrace tokenization. “Tokenization is innovation. We at the SEC should help advance innovation,” Atkins told CNBC.

Major exchanges like Coinbase are seeking SEC approval to offer tokenized stock trading. Others, like Kraken and Bybit, already support trading for over 60 tokenized public equities.

Meanwhile, blockchain platform Centrifuge has partnered with S&P Dow Jones Indices to tokenize the S&P 500—a move indicating how deeply tokenization is being explored by traditional finance.

Yet legal experts caution that without a comprehensive regulatory framework, incidents like the OpenAI token confusion will continue, potentially undermining trust in this emerging asset class.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Tokenized Equities Still Lack Legal Clarity, Say Attorneys appeared first on Coin Engineer.

Pencils Protocol: Revolutionizing DeFi with Scroll Technology

Scroll’s zero-knowledge technology (zk-rollups) is transforming Layer-2 solutions. By employing zk-rollups to scale the Ethereum network, Scroll ensures fast and reliable transactions. Pencils Protocol is leveraging this technology to stand out in the Layer-2 space. Its innovative solutions extend beyond yield aggregation and liquid staking, playing a crucial role in auctions that integrate with popular ecosystems like Ethereum and Solana.

Click here to join the Pencils Protocol pre-sale

Contributions to the DeFi Ecosystem

Pencils Protocol holds the distinction of being the first native dApp on the Scroll ecosystem. This highlights the platform’s pioneering steps in next-generation DeFi solutions. The low transaction fees and fast confirmation times provided by Scroll strengthen Pencils Protocol’s growing user base and increasing total value locked (TVL).

• $300 Million Total Value Locked: The platform boasts an impressive $300 million in TVL, ranking third among farming TVLs across multiple chains.
• Growing Community: Pencils Protocol is backed by a rapidly expanding user base, with over 400,000 active community members contributing to its global reach.
• Rising User Numbers: The platform has gained more than 250,000 users, demonstrating broad adoption and popularity.

Core Products: Staking, Vaults, and Auction Services

Pencils Protocol’s core offerings include staking and vault services. These allow users to pool assets and take leveraged positions to maximize their returns. Liquid staking and restaking solutions enable users to generate passive income by staking popular cryptocurrencies like Ethereum and Bitcoin. Additionally, the platform enhances the DeFi ecosystem by providing auction services for RWAs.

• Staking & Vaults: Users can maximize their assets through combined and leveraged yield aggregation services, allowing them to earn more from staked assets.
• Liquid Staking and Restaking: Pencils Protocol offers liquid staking solutions for cryptocurrencies like Ethereum and Bitcoin, enabling users to keep assets liquid while earning staking rewards and participating in other investment opportunities.
• Auction and Launch Services: The platform facilitates auctions for blockchain-based assets and RWAs, giving users the opportunity to participate in altcoin sales and monetize their holdings.

Partnerships and Industry Support

Pencils Protocol is building a robust ecosystem by partnering with leading DeFi and Web3 projects. The platform integrates with solutions such as Scroll, Solv Protocol, Kelp DAO, Puffer, Stakestone, and Etherfi, providing users with comprehensive solutions across DeFi and real-world assets. These partnerships enable Pencils Protocol to expand its reach and impact.

Industry Support and Strong Financial Backing

One of the main factors solidifying Pencils Protocol’s position in the industry is the backing from prominent investors and venture capital firms. Giants like OKX Ventures, Animoca Brands, Presto Labs, Gate.io Labs, Galxe, Taisu Ventures, Bing Ventures, Depin X, and Black GM Capital are providing funding and support, fueling the platform’s growth.

How to Join the $DAPP Pre-Sale?

• First, you’ll need a wallet, and for this guide, we’ll use Metamask.
• Once Metamask is set up, visit the Pencils Protocol website by clicking here.
• Connect your wallet, and there are just two simple steps to join the pre-sale:
  1. Complete the KYC (identity verification).
  2. Ensure your wallet contains $ETH on the Ethereum or Scroll network. After these steps, you’ll be guided by a pop-up window to continue with the pre-sale.

Overview of $DAPP Token Sale

• Platform: TokenSoft
• Network: Ethereum Mainnet and Scroll
• Token Symbol: DAPP
• Sale Prices: $0.8 – $1.2 – $1.5
• Purchase Limits: Minimum $100 – Maximum $200,000
• Purchase Rules: The sale operates on a first-come, first-served basis, limited to the first 5,000 participants.
• Accepted Payment Methods: ETH, USDT, USDC
• Total Supply: 100,000,000 $DAPP
• Initial Supply: 20,000,000 $DAPP

Pencils Protocol Tokenomics

The platform’s native token, $DAPP, offers attractive opportunities for investors. Benefits include profit-sharing from platform transactions, participation in staking and vault services, and potential value appreciation as the platform’s user base and TVL grow.

Shaping the Future of DeFi with Pencils Protocol

As the DeFi sector continues to evolve, Pencils Protocol stands out as one of the leading projects driving this growth. Integrated with Scroll’s zero-knowledge technology, the platform enables users to manage their assets more efficiently and securely. Additionally, its auction services provide a wide marketplace for RWAs.

With its growing user base, strong ecosystem partnerships, and industry backing, Pencils Protocol is well-positioned to become a leading force in the DeFi space. Investors interested in seizing this opportunity should consider participating in the $DAPP token sale.

Why Choose $DAPP?

$DAPP is a key component in Pencils Protocol’s operations. It plays a central role in governance, auction collateral, and more, fostering community engagement. Instead of dividends, the platform encourages active participation and value creation through $DAPP.

Key uses of $DAPP within Pencils Protocol:

• Governance: $DAPP holders can influence decisions on the platform’s future through its governance mechanisms.
• Yield Farming: Users can earn extra rewards by staking or farming $DAPP.
• Auction Collateral: Collateral for RWAs and blockchain-based assets can be provided using $DAPP.
• Vault Privileges: $DAPP holders enjoy special access to the platform’s vault services.
• Financial Services Expansion: As DeFi solutions broaden, $DAPP plays a critical role in supporting the platform’s expansion.
• Rewards System: $DAPP is tied to the platform’s points system, rewarding users for participation.
• Virtual Store: Users can use $DAPP for various transactions and services in the platform’s virtual store.
• Buyback Mechanism: The platform buys back $DAPP tokens to control supply and stabilize their value.

$DAPP is not only a promising investment but also a critical element for engaging with and benefiting from the Pencils Protocol ecosystem.

You can freely share your thoughts and comments about the topic in the comment section. Additionally, please don’t forget to follow us on our Telegram,YouTube and Twitter channels for the latest news and updates.

The post Pre-Sale of Pencils Protocol’s $DAPP! How to Participate? appeared first on Coin Engineer.