Add as a preferred source on GoogleOKXICE Plans Nov. 23 Launch for Tokenized Stock Platform
The planned lineup includes more than 70 stock- and ETF-linked assets, but not all will be available at launch. Objections to share tokenization have reached 67 companies.
OKXICE plans to launch its tokenized stock platform on Nov. 23 with more than 70 stock- and exchange-traded fund-linked digital assets, as 67 companies object to having their shares tokenized there.
The planned lineup includes 59 ETFs from Direxion, one of the largest providers of leveraged and inverse ETFs. Not all planned assets will be available at launch.
Fifty-six of the 62 companies initially selected for the platform objected to the tokenization of their shares. The other six had not disclosed objections; all six had ties to the crypto industry, including Coinbase, Strategy and Robinhood.
The number of objecting companies has risen to 67, up from 59 on an earlier objection list. McDonald’s, Coca-Cola and JPMorgan Chase are among the companies that have opposed the plan.
OKXICE co-chair and former New York Gov. Andrew Cuomo said markets are moving toward 24/7 trading and consumer demand will push companies to adapt. The platform’s planned launch date is Nov. 23.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.