•M&T Bank Corporation plans to offer Series L preferred depositary shares, each representing a 1/400th interest in a share of perpetual preferred stock.
•The preferred shares have a $10,000 liquidation preference and dividends, if declared, will be paid quarterly on a non-cumulative basis.
•The company intends to use net proceeds for general corporate purposes, potentially including the redemption of existing preferred stock.
•Japan's SBI Group announced a collaboration with Ondo Finance to bring Japanese stocks onto the blockchain through Real World Asset (RWA) tokenization.
