Mass Tokenization Faces Wall Street Pushback
26 major companies with a combined ~$13.9 trillion in market cap have objected to tokenized versions of their shares trading on OKXICE, signaling significant corporate resistance to the tokenization trend.
What we know
An account on X highlights (via another account on X) that companies including Alphabet ($4.13T), Microsoft ($3.84T), and Broadcom ($1.6T) are among the 26 firms pushing back. The poster dismisses the broader tokenization wave as 'NFT 2.0 for suits' — boring, jargon-driven, and extractive rather than genuinely innovative.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.