$MSFTB and $GOOGLB are on everyone's radar ahead of tomorrow's earnings. There's also a crypto angle most people are missing 👀
Both Microsoft and Alphabet are among the companies pushing back against tokenized versions of their stock.
How it works under the SEC's new order:
• Any venue that wants to list a tokenized US stock must notify the company and wait 30 days
• If the company objects, the listing is blocked. No reason or appeal is required
A joint OKX and ICE filing to list 63 stocks has already drawn objections from 22 companies. Goldman Sachs, Wells Fargo, Broadcom and Verizon are also on the list.
Why it matters: demand for 24/7 stock trading on-chain is growing fast, but the companies themselves now hold a veto in the US. That could slow how quickly new tokenized stocks reach American users.
Both companies report after the US close on Wednesday Oct 28, the same day as the Fed decision.
Should companies get to block tokenized versions of their shares? 👇
#TokenizedStocks #CanMicrosoftDeliverOnAI #CryptoNews
Both Microsoft and Alphabet are among the companies pushing back against tokenized versions of their stock.
How it works under the SEC's new order:
• Any venue that wants to list a tokenized US stock must notify the company and wait 30 days
• If the company objects, the listing is blocked. No reason or appeal is required
A joint OKX and ICE filing to list 63 stocks has already drawn objections from 22 companies. Goldman Sachs, Wells Fargo, Broadcom and Verizon are also on the list.
Why it matters: demand for 24/7 stock trading on-chain is growing fast, but the companies themselves now hold a veto in the US. That could slow how quickly new tokenized stocks reach American users.
Both companies report after the US close on Wednesday Oct 28, the same day as the Fed decision.
Should companies get to block tokenized versions of their shares? 👇
#TokenizedStocks #CanMicrosoftDeliverOnAI #CryptoNews