Why Apple, Nvidia and Tesla Can Block OKXICE From Trading Their Tokenized Shares
Photo: CoinCentral
TLDR 67 U.S. issuers have objected to OKXICE’s plan to trade tokenized versions of their shares. Only six companies from the original list have not objected: Strategy, Coinbase, Circle, Robinhood, Securitize and BitGo. The SEC’s innovation exemption gives issuers 30 days to block third-party tokenization. Median holdings in tokenized-stock trading pools were just $92 as of Aug. 31. Rival venue TSV has started trading tokenized shares using an issuer-sponsored model. OKXICE, the joint venture between crypto exchange OKX and NYSE owner Intercontinental Exchange, wanted to offer round-the-clock trading of tokenized U.S. stocks.
Source: CoinCentral
