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Tokenized preferred stock STRCx hits $50.4M on Pendle as daily dividends start in November

Protocol Fundamentals
28 Oct 2026, 21:52 WIB
Crypto Briefing
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Bullish
Tokenized preferred stock STRCx hits $50.4M on Pendle as daily dividends start in November

STRCx, a tokenized version of Strategy Inc.'s preferred stock, has seen deposits on Pendle's Ethereum platform reach a record $50.4 million, up from $39.8 million in mid-October 2026. This growth is driven by STRCx's attractive variable dividends of around 11.5% to 12% and Pendle's yield-tokenization model that splits assets into principal and yield tokens for trading. With shareholders approving a switch to daily dividend accruals starting November, demand for STRCx on-chain is expected to rise further as investors seek steady income from equity-linked assets.

Pendle STRCx deposits on Ethereum have reached a record $50.4 million, reflecting growing interest in tokenized equity assets. For readers following the broader cryptocurrency market, here is Pluang's market snapshot as of Oct 29, 2026 01:22 WIB: out of 50 major cryptocurrencies priced on Pluang, 35 rose and 14 fell today. Notable movers include DOGE at Rp1.437 (+1.77%, 59% Sell / 41% Buy, typical hold time 111 days), AXS at Rp17.422 (+1.64%, 99% Sell / 1% Buy, typical hold time 63 days), and LINK at Rp210.396 (+1.50%, 65% Sell / 35% Buy, typical hold time 63 days).

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