This Nasdaq Firm Is Betting $220M That Investors Prefer Shares Over Tokens

Heritage Distilling, in a partnership with the Story Foundation, recently announced a $220 million PIPE financing to establish a treasury strategy focused on $IP, the native token of the Story network. CoinDesk's Jenn Sanasie sits down with Story CEO and Co-Founder SY Lee to unpack this move and explore how this new vehicle provides a bridge for traditional investors to get exposure to the IP token without the complexities of direct ownership. - This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes. - Midnight is introducing a novel approach to token distribution. The Midnight Glacier Drop is the first in a multi-phase distribution of the NIGHT token, aimed at empowering a broad, diverse community to secure the future of the Midnight network. Holders of ADA, BTC, ETH, SOL, XRP, BNB, AVAX and BAT are eligible to participate in the Glacier Drop phase. Help usher in the next generation of blockchain with rational privacy and cooperative tokenomics on the Midnight network. To learn more about the Midnight Glacier drop, visit midnight.gd and claim your NIGHT. - Timestamps: 00:44 Heritage Distilling and Story Foundation's Announcement 03:34 Understanding Story's Value Proposition 03:59 Tokenizing Intellectual Property 06:39 The Role of AI and Real-World Data 09:45 The Digital Asset Treasury Structure 12:32 Challenges and Future of Token Adoption 17:49 Conclusion and Future Plans - #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.din.com/company/coindesk Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE