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Why Some of America’s Biggest Companies Are Objecting to Tokenized Shares

Major U.S. companies and the Nasdaq exchange have raised objections to a new tokenized stock trading platform, OKXICE TSV, a joint venture between crypto exchange OKX and NYSE owner ICE. The platform intends to utilize the SEC's five-year 'Innovation Exemption' to trade tokenized shares 24/7 on the XLayer blockchain, backed one-for-one by underlying stocks. However, nine major issuers, including Verizon and UnitedHealth, have formally objected to their shares being listed. While the venue aims to provide round-the-clock liquidity, critics and opting-out exchanges cite concerns regarding real-t

What they agree on: OKX and ICE are launching OKXICE TSV, a platform for trading tokenized U.S. stocks.

Confirmed: Decrypt frames the story as a 'test' of SEC innovation, highlighting the 24/7 nature of blockchain trading and the mechanics of…

Reported: Mainstream skepticism, reflected through Nasdaq's statements, focuses on the lack of 'best price' transparency (Regulation NMS) and the…

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  • Crypto trade press ·Decrypt
  • Crypto trade press ·Cointelegraph
  • Crypto trade press ·CoinDesk
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