67 companies said no to OKXICE's tokenized stocks. The venue opens Nov 23 anyway.
The popular read: Apple, Tesla, Meta, Nvidia and JPMorgan are on the Nov 5 objection list, so the idea is dead on arrival.
Why that may be wrong: an objection only blocks that venue, not the launch. Only 6 original issuers remain, all crypto-adjacent (BitGo, Circle, Coinbase, Robinhood, Securitize, Strategy), plus 59 Direxion ETFs for 70+ assets (Ledger Insights). Trading runs on Uniswap v4 pools on X Layer, an $ETH layer-2, with approved wallets only.
My take: a smaller, more crypto-native test than the one pitched in October. If liquidity shows up, the model works. If not, the objectors were right about thin books.
Does a venue where only crypto-friendly names list count as a real test? #TokenizedStocks #RWA
Disclosure: Write to Earn may pay me a commission on cashtag trades.
The popular read: Apple, Tesla, Meta, Nvidia and JPMorgan are on the Nov 5 objection list, so the idea is dead on arrival.
Why that may be wrong: an objection only blocks that venue, not the launch. Only 6 original issuers remain, all crypto-adjacent (BitGo, Circle, Coinbase, Robinhood, Securitize, Strategy), plus 59 Direxion ETFs for 70+ assets (Ledger Insights). Trading runs on Uniswap v4 pools on X Layer, an $ETH layer-2, with approved wallets only.
My take: a smaller, more crypto-native test than the one pitched in October. If liquidity shows up, the model works. If not, the objectors were right about thin books.
Does a venue where only crypto-friendly names list count as a real test? #TokenizedStocks #RWA
Disclosure: Write to Earn may pay me a commission on cashtag trades.