As market conditions shift, institutional investors are actively adjusting their holdings, revealing significant changes in both conventional and digital asset classes. While established financial institutions remain central, there is growing interest in innovative products such as tokenized funds and structured investment vehicles.
Keystone Financial Planning has recently sold off more than 95% of its shares in TD Bank (NYSE:TD), amounting to 114,695 shares worth $8.4 million, as reported by
The Globe and Mail
. This sale leaves the firm with just 0.1% of its assets under management (AUM) in TD Bank, marking a deliberate pivot toward more stable stocks like the Schwab U.S. Dividend Equity ETF (SCHD), which now comprises 48.8% of its AUM. Experts believe this move corresponds with TD Bank's efforts to recover from previous regulatory issues, such as a $3 billion penalty for money laundering and restrictions on its U.S. business. With TD Bank shares rising 26.82% so far this year, Keystone’s decision to exit may reflect faith in the bank’s turnaround under new CEO Raymond Chun. Regulatory documents also show that
DekaBank Deutsche Girozentrale
currently owns about $82.85 million in TD Bank shares.
At the same time,
The Charles Schwab Corporation
(SCHW) has revealed a $1.5 billion buyback of its own stock from a TD Bank affiliate, following a secondary sale of TD’s 10.1% stake, according to
Business Wire
. This action highlights Schwab’s strategy to reinforce its equity base while maintaining financial flexibility. The move coincides with Schwab’s robust institutional infrastructure supporting new ventures in digital assets, such as tokenized investment funds.
Within the digital asset sector, Laser Digital has introduced the
Tokenized Laser Carry Fund
(LCF) on the
Sei
Network, utilizing KAIO’s institutional-grade platform to deliver regulated alternative investment options. With backing from over $200 million in assets contributed by major players like BlackRock and Brevan Howard, this fund serves as a link between traditional finance and decentralized markets. Although
not
a cryptocurrency itself, the LCF’s programmable design demonstrates the increasing institutional appetite for tokenized investment products.
TD Asset Management has also emphasized income-oriented strategies, announcing February payouts for its ETFs, such as the TD Canadian Bank Dividend Index ETF (TBNK), which distributes $0.10 per unit, as detailed in a
TD Asset Management announcement
. These actions mirror broader market patterns, with TD Bank’s recent annual dividend increase to $4.20 (yielding 5.2%) and a 13.59% return on equity in Q3 2025 appealing to investors seeking steady income.
Analyst opinions on TD Bank remain divided, with a
consensus "Hold" rating
even after recent upgrades from Royal Bank of Canada and Jefferies Financial Group. The stock’s 12-month peak of $82.08 and a price-to-earnings ratio of 9.39 indicate cautious optimism, though regulatory uncertainties and sector instability continue to be concerns.
