Tokenized stocks: corporate pushback versus infrastructure rollout
About 50 major US companies reportedly oppose tokenization of their stocks on the planned OKX/ICE exchange, even as DTCC's tokenization service goes live and Robinhood Chain adds a second issuer.
What we know
An account on X cites a WatcherGuru list of about 50 firms (IBM, Nvidia, Nike and others) opposing tokenization on the OKX/ICE venue and ties it to HYPE's decline. On the other side, another account on X notes Robinhood Chain now hosts stock tokens from both Robinhood and Ondo, and quotes Ondo's recap of DTCC's Tokenization Service going live. The takeaway from the crypto side is that issuer, legal status and redemption terms now differ on the same chain.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.