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AMD is putting $1 billion into Meta's own stock sale. Nvidia is putting in $3 billion of its own alongside AMD's stake, as Meta runs a roughly $95 billion equity raise to fund AI capex guided as high as $145 billion for 2026. One billion dollars puts AMD on the other side of its Meta relationship. The chipmaker, already selling Meta chips, is buying a slice of the stock sale that funds Meta's AI spending, a move that sent AMD shares up more than 5% in a single session. $1 billion. That's what Advanced Micro Devices said on October 27 it would invest in Meta Platforms' latest equity offering, a raise Meta is running at roughly $95 billion to bankroll its AI infrastructure buildout. Nvidia is putting in $3 billion of its own, according to CNBC. AMD shares closed up 5.45% at $560.26 on the news, a notable jump for a stock already trading near record territory. Here's what makes this different from the usual AI-capex story. Normally the arrow points one way: a cloud giant like Meta writes a cheque to a chipmaker, the chipmaker books the revenue, and investors cheer. This time AMD is also writing a cheque back into Meta. It is buying into the same stock offering that will help pay for the servers Meta is going to fill with AMD's own chips. AMD's fortunes are now tied not just to shipping Instinct GPUs, but to whether Meta's AI bet pays off well enough to justify the capital it's raising to fund it. It's the kind of financial loop that's become familiar in this AI cycle, just run through a different pair of companies. Nvidia and CoreWeave have spent two years tangled in a similar arrangement: Nvidia backs the cloud provider that buys its GPUs, and critics have called it circular financing dressed up as demand. Now AMD and Nvidia have both bought into Meta's capital raise on the same day. That pushes the same dynamic one level up the stack. Instead of a chipmaker propping up a smaller cloud customer, two of the industry's biggest chip suppliers are propping up one of their largest buyers - directly, on its balance sheet. Meta has guided to 2026 capital expenditures as high as $145 billion, a figure that keeps climbing as Mark Zuckerberg chases parity with OpenAI, Google and Anthropic in frontier AI. Raising $95 billion through an equity sale is Meta's way of funding that spending without blowing a hole in free cash flow. For AMD, a $1 billion stake is a rounding error against that total. But it buys something harder to put a price on: a direct financial interest in Meta actually following through on its infrastructure plans. Those are the plans that are supposed to fill AMD's order book for years. BlackRock is selling more than $12 billion in bonds to finance a Meta data center campus in El Paso, Texas, through Project Sopaipilla Holdings, a venture where BlackRock holds an 80% stake. The deal is the latest piece of BlackRock's broader push into AI infrastructure financing, which also includes a roughly $40 billion consortium deal for... - blackrock funds meta ai data center - meta texas data center financing deal That book is already substantial. Earlier this year AMD and Meta struck an expanded deal covering roughly 6 gigawatts of AMD Instinct GPUs. The Wall Street Journal reported the commitment could be worth more than $100 billion over its life. As part of that arrangement, AMD issued Meta a performance-based warrant for up to 160 million AMD shares. It vests as Meta hits shipment milestones on AMD's MI450-based Instinct GPUs and sixth-generation EPYC CPUs, codenamed Venice. The first AMD Helios rack-scale systems built for that rollout are now installed at Meta and undergoing testing, according to Digitimes. Shipments are expected to ramp in the back half of 2026. So the warrant and the new $1 billion stake point in opposite directions on the same relationship. Meta can end up owning a chunk of AMD if the GPU deployment goes well. AMD now owns a chunk of Meta's capital raise regardless. Two companies that used to just invoice each other are now each other's shareholders. That's a strange place for a buyer-supplier relationship to land. Frankly, the stock move says more about sentiment than fundamentals. A billion dollars doesn't change AMD's balance sheet in a way that justifies a 5% rally on its own. What it signals is conviction. Wall Street reads this as AMD doubling down on its belief that Meta's AI spending is real and durable, not a bubble that unwinds the moment capex guidance gets trimmed. Whether that conviction is rewarded depends on something neither company controls. Meta is building AI products on top of all that Instinct silicon, from ad-ranking models to its push into AI agents. Will they generate enough revenue to make a $145 billion spending year look smart rather than reckless? For now, the two companies have simply made each other's stock price part of each other's business plan. That's a bigger commitment than a supply contract. And it's far harder to unwind if the AI spending cycle turns. Join the discussion. No replies yet. Start the discussion. Ron Patel tracks and reports on the fast-moving world of agentic platforms and artificial intelligence for SF. He covers how AI systems and autonomous agents are changing the way businesses build and operate, following the tools and platforms reshaping the space. He also keeps an eye on crypto and blockchain, covering the market moves and projects worth watching.

Jiko and BlackRock Cachematrix introduce direct t-bill ownership. Collaboration will bring investors direct t-bill access, giving treasurers safety, liquidity, and yield simultaneously. October 28, 2026 09:00 ET | Source: Jiko SAN FRANCISCO, Oct. 28, 2026 (GLOBE NEWSWIRE) - Jiko is bringing access to its 24/7 liquid T-bill offering to BlackRock Cachematrix, one of the world's leading cash management portals, used by institutional investors across 7,000 accounts to manage and allocate operating and reserve cash. BlackRock Cachematrix users will have the ability to access the Jiko platform and earn the "risk-free" rate in real time with direct U.S. Treasury bill ownership, giving them a way to hold cash that is liquid and earning yield at the same time, with individual ownership easily available from the workflow they already use. "Treasurers have always had to trade off safety, liquidity, and yield when managing cash, and today's markets are making that trade-off harder to accept," said Stephane Lintner, CEO of Jiko. "There's no reason operational cash and excess cash should be treated differently. With Jiko, every dollar is safe, liquid, and earning yield at once. Now, Cachematrix clients will access Jiko from the same platform they already use to manage their cash every day." Jiko will be one of several offerings within the BlackRock ecosystem, as Cachematrix expands its marketplace in response to client demand for low-risk, short-term investments. "BlackRock Cachematrix has always been about giving institutional cash managers the best possible toolkit for short-term liquidity," said Jon Steel, Head of Global Product and Platform, BlackRock Cash Management. "Offering connection to Jiko reflects what we're hearing from clients: they want direct access to additional investment choices, with the transparency and simplicity that direct T-bill ownership provides." A New Option for Operating Short-Term Liquidity Direct T-bill ownership has always required real operational lift: manually selecting maturities, rolling positions, and managing reinvestment cycles. Jiko automates holding cash in T-bills, resolving those traditional frictions. Through BlackRock Cachematrix, users will quickly connect to Jiko and purchase T-bills directly. Jiko's proprietary technology auto-selects, auto-rolls, and continuously reinvests, keeping cash fully invested in T-bills at all times at the "risk-free" rate, with instant 24/7 payment and settlement capabilities. No manual sweeps, reinvestment lag, or fund intermediary required. The demand is real, with 89% of corporate treasurers finding it valuable to hold cash directly in U.S. Treasury bills, while maintaining immediate liquidity for payments. Direct T-bill ownership gives investors full exposure to one of the safest assets available - with complete transparency, constant liquidity, and a yield that reflects the "risk-free" rate. ABOUT JIKO Jiko keeps client cash invested in T-bills, in the client's name, earning the "risk-free" rate, with no lending, no leverage, and no commingled exposure. Payments settle on JikoNet 24/7 at scale, with no balance sheet risk. Jiko clients include institutions that move at the speed of modern markets - corporates, fintechs, tech, and crypto companies - giving them and their counterparts a safer, yield-generating alternative for managing cash. Jiko holds a national bank charter and a FINRA broker-dealer license. To learn more, visit www.jiko.com. INVESTMENTS IN T-BILLS: NOT FDIC INSURED - NO BANK GUARANTEE - MAY LOSE VALUE All U.S. Treasury investments and investment advisory services provided by Jiko Securities, Inc., a registered broker-dealer, member FINRA and SIPC. Securities in your account are protected up to $500,000. For details, please see www.sipc.org. Banking services provided by Jiko Bank, a division of Mid-Central National Bank. Jiko Group, Inc. and its affiliates do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions. This material is not intended as a recommendation, offer, or solicitation for the purchase or sale of any security or investment strategy.

SBI bullish $2.17B powerful breakthrough with BlackRock. SBI Holdings, Startale and BlackRock signed an MOU to explore linking tokenized money market funds with regulated yen stablecoin JPYSC, aiming to build 24/7 institutional treasury rails and expand yen diversity beyond the dollar-dominated $300 billion stablecoin market worldwide today. SBI and BlackRock are working on new on-chain setups that could usher in a new way to move institutional cash in Japan with a link between money market fund tokens and a regulated yen stablecoin. On October 27, SBI Holdings and its subsidiary Startale Group entered into an MOU with BlackRock Financial Management and BlackRock Japan to look into connecting tokenized money market funds with JPYSC, SBI's yen stablecoin. The MOU is exploratory without a live product but brings together Japan's increasingly powerful consortium, the world's largest asset manager with $12.5 trillion under management, and the team behind Astar and Soneium. The timing matters. Yen stablecoins are clarifying regulatory pathways while tokenized funds bridge adoption thresholds, suggesting a move from pilots to interoperable plumbing. Table of contents. Inside the JPYSC and tokenized fund design. Tokenized MMFs are a type of fund share that can be tokenized transferred settled and used as collateral 24/7. SBI's JPYSC, a trust-type stablecoin issued by SBI Shinsei Trust Bank under Japan's Payment Services Act, distributed by SBI VC Trade, will be rolled out as a regulated settlement currency. SBI says that JPYSC was issued in June 2026 as Japan's first yen stablecoin tied to a trust bank, and that it is being issued under Japan's Electronic Payment Instruments law, which since 2023 limits its issuance to licensed banks, trust firms and registered money transfer operators. For BlackRock, the project means tokenization goes beyond dollars. Its tokenized fund BUIDL, also issued through Securitize, holds some $2.17 billion of Treasuries, repos, and cash, as The Block. Direct BUIDL-JPYSC integration is not confirmed, but the MoU will explore options for moving between yield-yielding fund tokens and yen for payments. Why yen diversity matters for on-chain finance. The global stablecoin market exceeds $300 billion, yet over 99% remains dollar-denominated, creating friction for non-dollar economies. Japan's Financial Services Agency has emerged as early mover, and SBI Chairman Yoshitaka Kitao called on-chain finance a unavoidable global trend requiring early preparation. The use case is institutional cash management. Corporations need to park idle cash in safe, yield-bearing instruments while retaining instant payment ability. If tokenized MMFs and JPYSC interoperate, a treasurer could redeem fund shares for yen stablecoins outside banking hours and settle invoices without wire delays. This reflects a broader pattern since SEC approval of spot Bitcoin ETFs in January 2024. Institutions increasingly seek exposure through regulated, yield-bearing tokenized instruments fitting existing mandates. BlackRock's move with SBI, which has already started distributing Ripple's RLUSD in Japan since June, indicates that large managers are now constructing multi-currency rails rather than single-token bets, with yen diversification as the strategic focus. Open infrastructure and what comes next. The partners have identified three workstreams: technology/infrastructure, business/distribution and regulation/market development. They will assess technical settlement needs, distribution through SBI's network and BlackRock's channels, and on-on guidance. The collaboration is also "open", allowing for other financial institutions in Japan and internationally, suggesting a shared standard for the rails rather than a closed ecosystem. Tempo's expansion of its yield offerings to include BUIDL as collateral suggests a similar approach in the crypto space. Challenges remain. Interoperability through oracle infrastructure, compliance tooling to enforce transfer restrictions, and definitions around intraday redemption are needed. Japan's stablecoin regulations require reserves and audits that might limit scaling. If successful, the approach could speed up all yen-denominated markets and provide a template for non-yen local-currency stablecoins across Asia. For investors, developers, exchanges, and regulators, it would represent a shift from tokenisation as issuance to tokenisation as treasury infrastructure. Ananthyka J Ananthyka J is a market reporter at Tronweekly, reporting on cryptocurrency news. She covers cryptocurrency markets, blockchain technology, and digital asset regulation, focusing on Bitcoin, Ethereum, DeFi, altcoins, and crypto policy. Her reporting emphasizes clear and accurate market coverage, including crypto market movements, regulatory developments, and blockchain adoption. She holds a BA in Journalism and Mass Communication and an MA in Communication and Media Studies. She has also completed multiple media internships, follows strict editorial and fact-checking standards, and discloses potential conflicts of interest when reporting.