Costco objects to tokenized shares while stock perps remain available

Community Trust Score Verified 87 % Real Verified 30 votes Updated 5 minutes ago Costco recently objected to a blockchain version of its shares, raising concerns about the potential risks associated with tokenization. The supermarket giant’s stance highlights a specific friction point in the adoption of digital asset representations of traditional equity. The company stated that it strongly objected to the creation of a blockchain-based version of its shares. In its communication, Costco identified potential risks related to the tokenization of its equity.

Source: The Currency Analytics