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Edition No. 037
New York · London
Interval Fund Daily
The Daily Read on Semi-Liquid Funds
Saturday, September 19, 2026
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In PWD coverage since September 1, 2026 · 4 stories
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Sep 16, 26
Deal closed
Tenka · Gami Capital
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PWD coverage
the_wrap
A five-year experiment built on plumbing, not tokens
The SEC's tokenized-stock pass comes with a 0.25% volume cap, halt switches, and a five-year sunset; the only durable positions are custody, issuer notice, and synthetic exclusions.
the_wrap · Sep 17
Revocable rules moved issuers to buy the exits
tokenization · Sep 17
Tenka raises pre-seed to give private credit an exit other than redemption
adoption · Sep 1
Firelight raises $8M to back DeFi cover with staked XRP
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