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Crypto
16 U.S.-listed companies including Goldman Sachs and Microsoft oppose tokenised versions of their shares
Tokenised stock trading is growing quickly in overseas markets, but major U.S.-listed companies are opposing the tokenisation of their shares, slowing moves into regulated U.S. markets. CNBC reported that companies including Goldman Sachs, Microsoft, Qualcomm, Caterpillar, McDonald\'s, Western Digital and Alphabet objected to tokenised versions trading on OKXICE, taking the total to 16 firms. Control over issuance and protection of shareholder rights have emerged as key issues.
Crypto
Tokenised stock trading platform cannot guarantee prices or trade disclosures, notices show
Major U.S.-listed companies have moved to block a tokenised stock trading platform being prepared by crypto exchange OKX and Intercontinental Exchange, according to a blockchain media report. Verizon, Broadcom and UnitedHealth Group were among nine companies objecting to their shares being traded on the platform. The notices did not specify reasons or whether objections would lead to delisting. The platform is not a registered SEC exchange and is not subject to Regulation NMS, with trading and smart-contract upgrades also constrained by rules in the notices.
Crypto
CoreWeave, Broadcom reject OKXICE request to allow tokenised trading of their shares
CoreWeave and Broadcom rejected a request from OKXICE to allow their shares to be traded on a blockchain, The Information reported on Oct. 15. OKXICE is a joint venture between crypto exchange OKX and Intercontinental Exchange. The report said more companies are opposing tokenising their shares, potentially complicating a Trump administration policy stance supporting tokenised shares. The SEC last month introduced an \"innovation exemption\" framework for listings.
