INSTITUTIONS ARE PUSHING BACK
$JPM, $KO, $ADBE, $AMD, $DELL just joined the resistance against OKX-ICE's tokenized stock plan.
Nearly half of the 62 targeted companies are now objecting.
Here's the alpha: platforms can build all the on-chain infrastructure they want, but if companies refuse to play ball, tokenized equities hit a wall. Companies can legally block 3rd-party venues from tokenizing their shares under existing exemptions.
The dream of on-chain stocks? Still gated by TradFi gatekeepers.
Tokenization narrative isn't dead, but it's getting real friction from the legacy system.
$JPM, $KO, $ADBE, $AMD, $DELL just joined the resistance against OKX-ICE's tokenized stock plan.
Nearly half of the 62 targeted companies are now objecting.
Here's the alpha: platforms can build all the on-chain infrastructure they want, but if companies refuse to play ball, tokenized equities hit a wall. Companies can legally block 3rd-party venues from tokenizing their shares under existing exemptions.
The dream of on-chain stocks? Still gated by TradFi gatekeepers.
Tokenization narrative isn't dead, but it's getting real friction from the legacy system.