Securities Tokenization: Corporate Resistance vs. Institutional Push
33 major US companies oppose OKX/ICE's stock tokenization exchange while DTCC goes live with its own tokenization service covering 34 securities. The tension between corporate resistance and institutional infrastructure build-out is the defining tokenization story of the hour.
What we know
An account on X broke the story that 33 major companies — including IBM, Microsoft, JPMorgan, Alphabet, and Moderna — formally oppose having their stocks tokenized on OKX and ICE's planned exchange. At the same time, another account on X reports DTCC's tokenization service went live supporting 34 securities. On the institutional side, @TheBlockCo reports Securitize is bringing its tokenization platform to Stellar. Crypto community reaction was sharp: Another account on X called the corporate opposition 'the most retarded thing I've seen,' arguing these companies are capping their own global distribution.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.