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$XLM Pontoro launched a private-asset liquidity pilot on Stellar on Oct 28. The permissioned pool pairs money-market assets with private-fund stakes, demanding bigger discounts from sellers as cash runs low. That's a useful test of whether tokenization can make locked-up investments easier to exit. My concern is the shared cash buffer: sellers and withdrawing investors both draw on it. Redemptions can still be delayed or suspended. I'd judge this by completed exits when cash gets tight.
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