‼️ SHOCKING: Broadcom, UnitedHealth, Verizon and 6 others BLOCK their stock from trading as tokens on OKXICE.
OKXICE, a venture between OKX and NYSE owner Intercontinental Exchange, named 63 US stocks it planned to list as tokens.
The 9 companies that objected are worth over $2 TRILLION combined.
But under the SEC's new rules, an objection only blocks the venue that asked, and silence lets trading go ahead.
Former New York governor Andrew Cuomo, OKXICE's co-chair, told the WSJ he expects companies to be skeptical.
The venue still plans to launch dozens of stocks, including Nvidia, Apple and Tesla.
Tokenized stocks are now worth about $3.5 BILLION, up from $680 MILLION at the start of the year, per The Block.
Post #20481
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