Apple and Meta have just dealt a major blow to ambitions to tokenize traditional assets!
Along with 90% of the other target publicly listed companies, they flatly rejected OKX-ICE’s plan to list tokenized stocks. This is a major setback for efforts to bridge the gap between TradFi and crypto.
OKX-ICE, a joint venture between OKX and Intercontinental Exchange, wants to enable 24/7 trading of U.S. stocks using stablecoins under the SEC’s “Innovation Exemption.” However, the widespread rejections point to concerns about legal risks, investor demand, and market structure.
This significantly narrows their potential product lineup. The remaining names are mostly crypto-related companies such as Strategy, Coinbase, Circle, and Robinhood.
Clearly, the path to tokenizing traditional assets is still long and fraught with challenges. Will this slow the RWA wave, or is it just a minor initial hurdle?
#RWA #Tokenization
$COIN $MSTR
Along with 90% of the other target publicly listed companies, they flatly rejected OKX-ICE’s plan to list tokenized stocks. This is a major setback for efforts to bridge the gap between TradFi and crypto.
OKX-ICE, a joint venture between OKX and Intercontinental Exchange, wants to enable 24/7 trading of U.S. stocks using stablecoins under the SEC’s “Innovation Exemption.” However, the widespread rejections point to concerns about legal risks, investor demand, and market structure.
This significantly narrows their potential product lineup. The remaining names are mostly crypto-related companies such as Strategy, Coinbase, Circle, and Robinhood.
Clearly, the path to tokenizing traditional assets is still long and fraught with challenges. Will this slow the RWA wave, or is it just a minor initial hurdle?
#RWA #Tokenization
$COIN $MSTR