Wall Street Pushes Back on Tokenized Stocks as Trading…
By Damilola Esebame
AI summary of the source article
At least 59 U.S.-listed companies formally objected to having their shares listed on OKXICE's proposed tokenized stock platform as of November 3. Concurrently, offshore crypto exchange MEXC reported an 81% month-over-month rise in tokenized U.S. stock spot trading in September.
Why it matters
"When U.S. venues face structural friction, trading activity migrates to platforms that operate outside the objection framework."
Key facts
- 59 of 62 listed U.S. companies formally objected to OKXICE tokenizing their shares under the SEC's Innovation Exemption framework.
- The SEC exemption grants issuers a 30-day window to block domestic venues from listing tokenized versions of their shares.
- MEXC reported tokenized U.S. stock spot volume grew 81% month over month in September, led by an 88% rise in AI-related assets.
Source excerpt · FinanceFeeds
At least 59 U.S.-listed companies had objected to having their shares traded on OKXICE’s proposed tokenized stock platform as of November 3, even as offshore demand for tokenized equities accelerates. Crypto exchange MEXC separately reported that tokenized U.S. stock spot trading volume rose 81% month over month in September, with AI-related assets climbing 88%, according to an October 29 company…