INSTITUTIONAL | Wells Fargo, Arm, and Intuit Join Growing Pushback Against Tokenized Stocks
Photo: Pixabay (illustration)
Six more companies, including Wells Fargo, Arm Holdings, and Intuit have objected to plans by crypto exchange, OKX, and Intercontinental Exchange (ICE) to offer on-chain tokenized versions of their shares bringing the total number of objecting companies to 22, according to a regulatory document reviewed by Reuters. The new additions come less than a week after 7 more companies, most notably: Microsoft, Alphabet, Goldman Sachs, Qualcomm, Caterpillar, McDonald’s, and Western Digital were named in an updated notice dated October 19, joining earlier objectors including Broadcom, Verizon, and United Health Group.
Source: BitKE
