Nine companies, including Broadcom, CoreWeave, and Cerebras Systems, have opted out of having their stocks traded in tokenized form on the OKXICE platform. The platform, co-owned by Intercontinental Exchange (ICE), parent company of the NYSE, and crypto exchange OKX, had filed to tokenize the top 63 U.S. stocks via Uniswap V4 pools under the SEC’s Innovation Exemption framework. Nasdaq, a rival of the NYSE, also withdrew from this model, citing concerns about price discovery distortion and liquidity fragmentation outside the National Market System. The tokenized stocks market now represents $3.4 billion in supply and over $10 billion in monthly transfer volume, equivalent to 1% of stablecoin supply.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
