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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

TX RWA platform launches dollar-pegged stablecoin USTX for tokenised stocks

Real-world asset platform TX has launched USTX, a dollar-pegged stablecoin aimed at tokenised stock trading. USTX is designed for use as a payment method in the TX wallet and an upcoming tokenised stock marketplace. Users can mint USTX with USDC and redeem USTX back into USDC, with deposits accepted across eight blockchains. Fintech platform Brale handles issuance and reserve management, with reserves backed 1:1 by dollar-denominated assets.

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.