Wall Street Giants Push Back Against Crypto Tokenization Plans As Nine Companies Object
Photo: Bitcoinist
TL;DR: Major public companies have reportedly objected to plans to represent their shares on a tokenized trading platform. The resistance highlights unresolved questions about shareholder protections and the regulation of blockchain-based securities. The push to bring Wall Street equities onto blockchains is encountering resistance from some of the companies whose shares would be represented. Reports concerning proposed tokenized-stock trading arrangements involving OKX and Intercontinental Exchange describe objections from listed businesses including Broadcom and other large issuers. Those objections are a reminder that trading technology can move faster than the legal and commercial agreement needed to support it.
Source: Bitcoinist
