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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

KB Securities to commercialise GgabiAI, eyes tokenised securities for wealthy U.S. investors

KB Securities plans to commercialise its in-house AI tool, GgabiAI, which it has used to improve operational efficiency, and to expand its use to affiliates from November. It is also preparing tokenised securities to offer Korean investment products to wealthy U.S. individuals. An executive said AI is already delivering productivity gains, while tokenised securities will take shape depending on regulation and market development.