Making Tech Headlines · Page 9
Tokenized Stock Plans Collect Another Asset: Corporate Objections
· New York time
Intel, Oracle, IBM and IonQ have joined companies objecting to tokenized versions of their shares being traded through an OKX and Intercontinental Exchange blockchain venture. The additions bring the total number of objections to 26. According to CoinDesk, about 37% of the companies on OKXICE's original list have opted out. The list also includes earlier objections from companies such as Microsoft and Alphabet. The venture's plan would put versions of shares on blockchain infrastructure, while the objections show that a number of issuers do not want to participate on those terms. The technology promises a new route for trading, but the companies are supplying a decidedly traditional response: an objection in writing. The digital marketplace has discovered that a list of potential products can quickly become a list of firms asking not to be included.
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