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Crypto companies see beyond bitcoin
Bill Schmick
May 27, 2026
There is a brave new world out there for crypto miners, brokers, and blockchain entities. The same process that allows cryptocurrencies to trade and settle in the blink of an eye is now being applied to other assets. The hope is that this new technology can help some companies escape another long, crypto winter.
It is called asset tokenization. And whether we are talking about stocks, bonds, real estate, or anything else that trades in the real or digital world, all these areas can be tokenized. The first question many ask is what is a digital token?
It is a programmable digital asset, just like any crypto currency,issued on an existing blockchain such as Ethereum.But unlike cryptocurrencies such as Bitcoin, which have their own blockchain, tokens can be issued on just about anything, including asset ownership of things (paintings, properties, dollars), access rights, voting power, identity, predictions etc.
A stock, for example, which trades on a digital market (and most of them do), can now be converted into a digital token on a blockchain. This allows for fractional ownership, faster transactions, and broader market access. While tokens can be applied to anything, they have an obvious use in expanding financial infrastructure where settlement of money is extremely important.
One way to think about this technological trend is as a new way to handle the flow of financial assets that trade globally, 24 hours a day. Money changes hands constantly and the expression ‘time is money’ takes on real meaning when trillions of dollars are involved. Tokens act as a new kind of plumbing that allows money, instead of water, to flow faster, with fewer cracks, leaks or clogs, and therefore greater predictability. In past columns, I have written about stablecoins, which also use blockchain technology to effect fast, secure, and borderless transactions in the currency world. This is simply another use for this technology.
Crypto companies have embraced digital tokenization with open arms. Bullish, a crypto exchange run by the former head of the New York Stock Exchange, acquired a tokenized equity company, Equiniti, for $4.25 billion in a stock transaction a week ago. Recently, Centrifuge, which specializes in tokenizing exchange-traded funds and credit products, announced a deal with Coinbase, a leading cryptocurrency company.
Robinhood, the broker, is also interested in the area but has yet to ink a deal. CEO Vlad Tenev did say that “our strategy is to take crypto infrastructure and apply it to assets that have real-world utility. That’s why we care so much about tokenization.”
Crypto companies hope tokenization will allow them to expand beyond simple cryptocurrency trading. As readers know, crypto currencies can be notoriously volatile and have been subject to periods of massive underperformance.Over the years, the crypto companies have had to weather periodic ‘crypto winters’, which can last for years. If tokenization catches on, it could allow the industry to diversify away from volatile crypto trading toward a more stable and predictable business model.
But tokenization is in its infancy. As it stands, there are only about $27 billion in tokenized real-world assets on the blockchain. That’s a drop in the bucket when one considers the $200 trillion plus in global digital equities alone.
However, the settlement arms of Nasdaq and the Depository Trust and Clearing Corporation (DTCC), which do the lion’s share of equity settlements, are now engaged in pilot programs studying both blockchain-based settlement and tokenized securities. Larry Fink, the CEO of BlackRock, the mega-billion-dollar asset management company, believes tokenization could transform finance. He may be right. One thing is for certain: blockchain technology is here to stay, and its uses will continue to multiply.
Bill Schmick is a founding partner of Onota Partners, Inc., in the Berkshires.Bill’s forecasts and opinions are purely his own and do not necessarily represent the views of Onota Partners Inc.None of his commentary is or should be considered investment advice.Direct your inquiries to his website at www.schmicksretiredinvestor.com. Investments in securities are not insured, protected or guaranteed and may result in loss of income and/or principal.
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Sharon Playhouse opens season with Spotlight Gala Celebration
Natalia Zukerman
May 27, 2026
Skip Barber and Sarah Combs to be honored during Sharon Playhouse gala.
Provided
The Sharon Playhouse will kick off its 2026 summer season with its annual Spotlight Gala, “Hey There, Good Times!,” on Saturday, May 30, honoring longtime board member Skip Barber and arts educator Sarah Combs during the theater’s signature fundraising celebration of music, performances and community.
“Few individuals embody innovation, excellence, and community spirit quite like Skip Barber,” said artistic director Carl Andress. “While many know him as a legendary force in American motorsports and the longtime steward of Lime Rock Park, we are equally grateful for the energy, generosity, and community leadership he has brought to this region and to the Sharon Playhouse. He is a true original, and we are thrilled to honor him,” he continued.
Education and community director Michael Baldwin said honoring Combs with the first Spotlight Spirit Award is “both joyful and deeply fitting.”
“Sarah Combs has devoted her life to the transformative power of the arts — not only as a gifted performer, but as a teacher, mentor, and tireless advocate for young artists and community creativity,” Baldwin said.
The evening begins at 5 p.m. with cocktails, dinner by Rita Welch Catering and a fundraising celebration in The Bok. A second “Patio Celebration” option beginning at 6:30 p.m. will feature live music by Ram Miles and Joe Finn, outdoor dining and pre-show festivities.
The gala performance and award presentation, directed and choreographed by Krystyna Resavy with music direction by Eric Thomas Johnson, will feature a Broadway-style musical revue performed by Sharon Playhouse favorites, guest artists and members of the YouthStage Company. Performers include Will Nash Broyles, Michael Siktberg, Ricky Oliver, Lucy Rhoades, Sasha Spitz and Michelle Lemon, along with special guests from upcoming season productions including “Swingtime Canteen,” “Come From Away,” “42nd Street” and “Zombie Prom.”
“This is truly one of the most joyful nights of our year,” Andress said. “The Spotlight Gala is a celebration of everything the Playhouse represents: professional theater, arts education, community, and the incredible artists of all ages who bring our campus to life.”
Proceeds from the gala support the Sharon Playhouse Fund, which helps sustain professional theater productions, arts education programs and the theater’s Northwest Connecticut campus.
More information and tickets are available at sharonplayhouse.org.
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Tent caterpillars, political showdown
Millerton News
May 27, 2026
The following excerpts from The Millerton News were compiled by Kathleen Spahn and Rhiannon Leo-Jameson of the North East-Millerton Library.
May 30, 1934
No State Funds To Fight Tent Caterpillar
ALBANY - Appeals by the hundreds are daily being received by Conservation Commissioner Lithgow Osborne for assistance to control the tent caterpillar outbreak that is now so conspicuous, he said today. Aid, if feasible and possible, would gladly be given. However, no State funds have been appropriated for control of this pest. Hence control of the tent caterpillar is not a function which the Conservation Department can legally undertake. Furthermore, the Federal authorities have ruled against the use of C. C. C. workers for this work.
“Periodical outbreaks of the tent caterpillar are events that date back many years” declared the Commissioner. “The outbreaks in the past have increased in severity each year for a period of years until a peak similar to that which now exists was reached. Following this peak, a rather rapid decrease for a period of years was evidenced. If the future can be judged by the past, it is reasonable to look forward in the near future to a marked reduction in the population of the tent caterpillar.
Judge Mack Will Examine Power Firm Central Hudson Gas And Electric Corporation Faces Probe
The Central Hudson Gas and Electric Corporation which provides light and power for most of Dutchess County and a large part of the Mid-Hudson Valley, will be probed this summer by the legislative public utilities investigating committee of which John E. Mack is chief counsel. In announcing that the Central Hudson would be subjected to an examination, Judge Mack described the power corporation as one of the important operating companies in New York State.
Judge Mack did not disclose what phase of the Central Hudson system is to be examined, but it is assumed that the investigation will be confined to rates as in the case of other examinations conducted by the legislative committee. The inquiry will be part of his investigation of operating companies in the State, Judge Mack said.
May 31, 2001
Showdown Brewing in Town?
Former Mayor Eyes NE Supervisor Bid
NORTH EAST -If incumbent Supervisor David Sherman wants to remain in Town Hall, he could have a battle on his hands.
Asked Monday about his political future, former village Mayor Michael Cawley said he has been asked by the town Republican Committee to consider running for supervisor for the town of North East.
“I have been asked and I am considering it,” said Mr. Cawley, who declined to comment further.
Mr. Cawley was never seen as a critic of Mr. Sherman during the two years he served as mayor, but he is known to harbor serious doubts about the Town Board’s plan to move from a three-member elected Board of Assessors to a sole appointed assessor.
In January, Mr. Cawley, a Republican, declined to seek his party’s nomination for a second two-year term as mayor. He then mounted an unsuccessful write-in campaign against his sometime nemesis, Mariley Najdek, a former deputy mayor who assumed the village’s highest office last month.
Mr. Sherman, a Republican who is widely expected to run for re-election, was out of town this week and could not be reached for comment, but he said earlier this month he would make “a formal announcement sometime in the next few weeks.”
If Mr. Cawley wants to challenge Mr. Sherman, both men would have to circulate petitions and turn them into the County Board of Elections by XXXXXX.
Merwin Calls It Quits
But one town councilman has officially had enough. Incumbent Republican John Merwin told The Millerton News he will not seek re-election to a second four-year term.
“In a nutshell, I’m tired of being in the middle,” said Mr. Merwin, a Republican who had previously served a term on the town Planning Board. “You reach a point where someone else should give it a try.”
It is “not worth the aggravation” to stay on the board and deal with some of the more contentious town/village issues, including the fire contract and the recreation program, Mr. Merwin said.
More attention should be paid to a possible town/village consolidation.
Mr. Merwin, who supports Mr. Sherman’s re-election, also said he is not running for another term on the town GOP Committee.
Fenn Still Undecided
Republican Councilwoman Cathy Fenn said she is still undecided as to whether she will seek a third four-year term.
“I’m thinking about it but I’m not sure,” was all Ms. Fenn would say. Unlike Mr. Merwin or Mr. Cawley, she was not approached by the town GOP committee.
Town Republican Chairman John Perotti could not be reached for comment, but committeeman Bernie Silvernail said early this week no Republicans have committed yet to run for town board.
Dems Still Looking
Town Democratic Chairman Neal Rosenthal said no candidates have surfaced so far in his party.
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Greenwoods Puppet Festival returns to Norfolk Library with whimsy and wonder
Mike Cobb
May 27, 2026
Designed by Kelli Shepard
The third annual Greenwoods Puppet Festival returns to Norfolk Library May 29 and 30 with two days of puppetry, storytelling and hands-on workshops featuring nationally recognized artists and family-friendly performances.
Children’s librarian and events coordinator Eileen Fitzgibbins said, “The first Greenwoods Puppet Festival was sparked by a question I had: Where does magic occur?”
The festival begins Friday, May 29, at 5:30 p.m. with an adult sock puppet workshop in the Great Hall at Norfolk Library. Eric Weiss of Homeslice Puppetry will offer a behind-the-scenes look at puppet-making while guiding participants in creating their own puppets. A simple dinner will be served.
On Saturday, May 30, at 10 a.m., award-winning puppeteer Liz Joyce will present “The Doubtful Sprout,” an ecological wonderland featuring multiple puppetry styles, projections and songs.
From 12:30 to 2 p.m. Saturday, Heather Henson, daughter of Jim Henson, creator of The Muppets, will present a program for all ages called “Remember The Way: Where water flows and creatures return, balance is remembered.”
“We invited Heather Henson to come this year to give a performance. She has been very supportive of our town having puppet festivals,” Fitzgibbins said.
Using puppets, masks and dance props, participants will explore planetary movements, seasonal rhythms and interconnected waterways through immersive animal role-playing. Guided by whales, cranes, sturgeon and bison, audiences will journey through shifting landscapes while taking part in rhythmic dance games, song circles, crafting and interactive storytelling designed to illuminate the connection between local water systems and the ocean beyond.
At 3 p.m., puppeteer Sarah Nolen will present “Party Animals,” which follows four furry friends as they navigate throwing their first party. At 4:15 p.m., a children’s dress-up parade will take place outside around the library. Costumes are encouraged. There will also be opportunities to meet the puppeteers until 5 p.m.
Fitzgibbins concluded, “Puppetry is an ancient form of artistic expression. It is an avenue that can spread seeds of change, tackle issues of social justice and spark creativity. Puppets are tools of storytelling and are amazing works of art. It is an experience not to be missed.”
For tickets and information, visit norfolklibrary.org/events
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A retired teacher’s ties to Millerton’s founding days
Nathan Miller
May 27, 2026
Diane Price holds photographs of her father, Bill Doughty, in her living room on Maple Avenue in Millerton.
Photo By Nathan Miller
MILLERTON — A framed portrait of Levi P. Hatch — the village’s first “druggist” and one of Millerton’s founding professionals — hangs on Diane Price’s wall, connecting her to history she didn’t know she had.
The discovery began in 2013, when she read a magazine article on the village’s founders and realized she had a connection to Hatch. He was Price’s great-grandfather.
“He was considered one of the nine founding professionals,” Price said. The discovery came decades after Price first moved to Millerton in 1961, when her father, Bill Doughty, relocated the family there to be closer to his parents, Millerton natives Roy and Mae Doughty.
The discovery, sparked by the article and later expanded through research by local amateur historian Sarah Hermans, cemented Price’s connection to a community that she had been in love with since she was a girl.
Hatch arrived in Millerton by train, according to research completed by Price and Hermans, and settled in the village, where he soon met Lottie Mae Scribner, who lived on nearby Silver Mountain. The two married, though the exact date is unknown, and lived in a house on Elm Avenue — also known today as Route 22. The pair had four children.
Price’s grandmother, Mae Hatch, was the youngest of Levi and Lottie’s four kids. Price describes her as a talented musician who could play piano by ear and never had formal lessons.
“She played for the grange dances,” Price said. Mae married a Poughquag resident named Roy Doughty and the pair also settled down in Millerton.

Roy Doughty, Price said, worked at Dutchess Auto in the early days of the automobile industry. But a stroke forced him to take a less-intensive job as a tax collector. Roy and Mae also had four children — Helen, Erma, Richard and Price’s father William “Bill” Doughty.
Bill Doughty graduated from school in Millerton in 1936 and was drafted into World War II in 1941. During the war, Bill served as a first lieutenant in the U.S. Army Corps of Engineers. He moved to Pittsfield, Mass., upon returning to the states and settled down with a resident of that town named Rita Mazur, Price’s mother. The pair married in 1946 and had three children — William Jr., known as “Mike;” Diane, born in 1949; and Patrick.
But quiet suburban life was not necessarily in the cards at the time, as conflict began to brew in the Korean peninsula. Bill was eventually drafted for the second time to serve during the Korean War, and his family moved from Pittsfield to New Smyrna Beach in Florida for about three years, Price said.
After his service ended, the ‘60s had arrived and Price’s grandparents’ health was deteriorating. Prior to the move to Florida, her family regularly made road trips from Pittsfield to Millerton to visit and care for her grandparents. But in 1961, her family moved to Millerton permanently, where her mother and father lived out the rest of their lives.
Price was 13 when her family moved to Millerton permanently. She said she already loved the community, describing it as close-knit, safe and entertaining.
“In 1961, I went to the movies and I met a boy,” Price said. “I sat with that boy and my parents knew about it before I got home.”
At the time, Price had no idea about her great-grandparents — if she’s being honest, Price never knew much about her own grandparents, either.
“I was too stupid to ask back then,” Price said. “I feel bad that I never asked and I never ask my father about his experience in the war. He never talked about it.”
But Price still felt tied to her family and the community she lived in — a bond that has only strengthened over time. After just a few years of living in Millerton, Price went off to college in 1967 and felt so homesick she couldn’t speak to her father on the phone. It took a weekend visit and pep talk from her older brother, Mike, to get her out of the funk.
Upon graduating from college in 1971, Price returned to Millerton and began teaching at Webutuck Elementary School. She lived and worked in the village, raising two daughters, and still lives on Maple Avenue with her husband, Roger Price, who taught math at Webutuck High School.
She said the community has changed dramatically since she moved here in the 1960s. At the time, everybody knew each other. The highlight of the weekend was the Friday night train bringing visitors from New York City. But opportunities in the community declined over the decades, and now many people who grew up in the area feel they have to leave to make a living.
“What industry is there?” Price said. “What reason do we have for children or teenagers or adults to stay here? Where can they work and make a decent living?” Those questions have been on her mind for decades, she said, as she watched her students and her own children grow up and leave Millerton to find work and build their lives.
Despite the anxiety, Price looks back fondly on her upbringing in the village and the community that still exists here. She said she never wanted for anything growing up, and her parents provided ample emotional support as well. The community was full of caring people that looked out for each other, and although neighbors are mostly strangers these days, that thread of safety and looking out for one another still holds.
“Every day is a gift,” Price said. “How can I be anything but grateful for the life that I lived?”
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Creative workshops
Millerton News
May 27, 2026
Provided
The Hillsdale Workshop Alliance (HWA) is a collective of independent producers offering creative workshops in and around Hillsdale. Once a year, HWA comes together to present the Workshop Experience Weekend, a carefully curated a festival of hands-on learning, creativity and community with over 26 workshops and events. This year’s Workshop Weekend takes place May 30-31. For tickets, visit theworkshopexperience.org.

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