NYSE parent teams up with an exchange; tokenized U.S. stocks set to launch on 11/23

An exchange co-founded by ICE, the parent company of the New York Stock Exchange, plans to launch trading in tokenized U.S. stocks on November 23. Eligible U.S. customers will be able to trade around the clock, under a temporary “innovation exemption” from the U.S. Securities and Exchange Commission.

But 67 companies have already objected, refusing to have their stocks tokenized on the platform. They include JPMorgan Chase, McDonald’s, SpaceX, and Coca-Cola.

As of November 11, the circulating value of tokenized stocks and ETFs was about $3.88 billion, up 13.4% over the past 30 days.

With major companies opting out en masse, will this market be narrow from the outset?


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