Andrew Cuomo Says Wall Street Journal Ad Against Tokenized Stocks Means ‘Game On’
By Unchained
AI summary of the source article
Andrew Cuomo stated that a Wall Street Journal ad warning against stock tokenization signals rising platform competition. An OKX and ICE joint venture notice showed 38 companies opted out of share tokenization under an SEC innovation exemption.
Why it matters
Cuomo argued that traditional players would not be competing to enter the tokenization market without “major players believing it is the way of the future.”
Key facts
- A Wall Street Journal ad urged public companies to use their SEC opt-out right within 30 days to prevent shares from trading on tokenized venues.
- An OKXICE notice dated Oct. 28 listed 38 companies that objected to having their shares tokenized under an SEC innovation exemption issued Sept. 17.
- Securitize ran its own Wall Street Journal ad defending regulated tokenization, with its CEO stating the opposing ad's concerns do not apply to U.S. SEC-regulated models.
Source excerpt · Unchained
The OKX-ICE co-chair said rival ad campaigns show the debate has moved to whose tokenization platform wins, as issuer opt-outs from the venue's stock list reached 38. The post Andrew Cuomo Says Wall Street Journal Ad Against Tokenized Stocks Means ‘Game On’ appeared first on Unchained .