Tokenized Stock Trading — Nasdaq Lobbying Against OKXICE, Hyperliquid Perps Dominating
Nasdaq is reportedly reaching out to listed companies urging them to opt out of tokenized share trading on OKXICE; 38 companies have already done so. Meanwhile, on-chain equity perpetuals on Hyperliquid are already capturing dominant market share.
What we know
A Nasdaq-listed exec told journalist an account on X their rep proactively suggested objecting to tokenized trading on OKXICE and offered a call to explain why; another account on X notes that 'exchanges don't lobby against things they expect to fail' — treating the opt-out campaign as a backhanded compliment to the product. Separately, Laevitas highlights via another account on X that 11 of the 12 fastest-turning Hyperliquid books above $50M OI are another account on X equity perp markets, with regulated ICE now looking to bring an onshore version. The dynamic is clear: traders are leading and TradFi is following.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.