Wall Street Stock Tokenization Battle Escalates as Nasdaq Faces Pressure Claims

Key Insights: Stock tokenization at OKXICE faces 50 objections, with 43 from its 62 target firms. An issuer executive alleges Nasdaq urged objections to OKXICE’s tokenized stocks. Nasdaq denies ties to a newspaper ad urging issuers to reject stock tokenization. Stock tokenization plans from OKX and NYSE parent ICE drew 50 company objections, as Nasdaq faced issuer pressure claims. Crypto in America reported the allegations, citing an executive at a Nasdaq-listed company. The dispute concerns OKXICE’s proposed tokenized stocks and the SEC’s Innovation Exemption.

Source: The Coin Republic