Wells Fargo, Intuit Join Growing Corporate Revolt Against Tokenized Stocks: Reuters

Wells Fargo, Intuit, and Arm Holdings are among six more companies objecting to having their shares traded as blockchain-based tokens, bringing the total number of corporate holdouts to 22 as Wall Street’s ambitious experiment with around-the-clock stock trading encounters mounting resistance. The latest objections were disclosed in a regulatory document obtained by Reuters on Friday, adding to a growing list of major American companies challenging plans by cryptocurrency exchange OKX and Intercontinental Exchange (ICE)—the parent company of the New York Stock Exchange—to tokenize publicly traded equities .

Source: Bitcoin.com News