Wall Street Giants Block Tokenized Stocks
JPMorgan, Coca-Cola, and 31 other major companies utilized a new SEC veto to block tokenized stocks on OKX and ICE.
A group of 33 Wall Street giants, including JPMorgan and Coca-Cola, have exercised a new SEC veto mechanism to block tokenized stocks on OKX and Intercontinental Exchange's venue, according to YahooStocks0.
While 33 companies acted to block the tokenized equities, high-profile corporations such as Apple and Tesla remained silent on the matter.
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SEC Veto Mechanism
The regulatory tool allows major issuers to restrict the digital tokenization of their shares on specific digital asset trading venues. The action impacts platforms operating tokenized equity offerings.
Key facts
- Thirty-three companies, including JPMorgan and Coca-Cola, blocked tokenized stocks.
- The veto was applied against OKX and ICE's venue.
- Apple and Tesla stayed silent on the regulatory action.
Source: beincrypto.com
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