On-chain U.S. stocks are a battlefield from day one:
First, the good news—OKX has teamed up with ICE, the parent company of the NYSE, to bring 24/7 on-chain stock trading, with stablecoin settlement, dividends, and voting rights all included. The SEC has even granted a five-year innovation exemption. “Bringing Wall Street on-chain” sounds like a financial revolution.
Now, the bad news—public companies are lining up to say “no.” Microsoft, Google, Goldman Sachs, Qualcomm, McDonald’s, Caterpillar... On the list updated October 19, 16 companies are already opposed, wiping 16 of the 63 proposed listings off the table. They don’t want their own shares sold on-chain.
The most surreal part is the rulebook: the SEC framework lets issuing companies veto it outright—so in this “free market,” the one thing you can’t trade is their own stock.
The comment section is now open for trading: A: A company should get to decide what happens to its own stock. Take your on-chain knockoff and get lost. B: They’re my shares—I should be able to sell them whenever I want. Who are you to stop me? Sound off!
$BTC $ETH
First, the good news—OKX has teamed up with ICE, the parent company of the NYSE, to bring 24/7 on-chain stock trading, with stablecoin settlement, dividends, and voting rights all included. The SEC has even granted a five-year innovation exemption. “Bringing Wall Street on-chain” sounds like a financial revolution.
Now, the bad news—public companies are lining up to say “no.” Microsoft, Google, Goldman Sachs, Qualcomm, McDonald’s, Caterpillar... On the list updated October 19, 16 companies are already opposed, wiping 16 of the 63 proposed listings off the table. They don’t want their own shares sold on-chain.
The most surreal part is the rulebook: the SEC framework lets issuing companies veto it outright—so in this “free market,” the one thing you can’t trade is their own stock.
The comment section is now open for trading: A: A company should get to decide what happens to its own stock. Take your on-chain knockoff and get lost. B: They’re my shares—I should be able to sell them whenever I want. Who are you to stop me? Sound off!
$BTC $ETH