INSTITUTIONAL | Concerns Over 3rd-Party Products Endorsements Behind OKX-ICE Opposition
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More than half of the companies targeted by a proposed on-chain stock trading platform backed by crypto exchange OKX and Intercontinental Exchange have objected to having their shares tokenized, highlighting growing corporate concerns over the emerging market structure. The objections include major companies such as Microsoft, Alphabet, JPMorgan Chase, Goldman Sachs and Coca-Cola, which are among the firms resisting the OKXICE venture’s plans to offer tokenized versions of publicly traded U.S. stocks. INSTITUTIONAL | Intel, IBM, Oracle, Cisco, LonQ join Opposition to OKX-ICE Tokenised Stock Platform The platform plans to use a 5-year innovation exemption granted by the U.S.
Source: BitKE
