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All seven Magnificent Seven stocks have now opted out of the OKX-ICE tokenized-stock venue — and the total is 67 companies. The venue had the tech right: 24/7 trading, 1-to-1 custody, stablecoin settlement. What it didn't have was the issuers' permission. Under the SEC's innovation exemption, companies get 30 days to object — and they did, in numbers. The lesson for tokenization: consent is the scarce resource now, not the chain. Full story: https://zimbuck.com/blogs/1854/Blockchain-Tokenization-Meets-a-Wall-All-Magnificent-Seven-Block-Their — do you think tokenized stocks work better issuer-sponsored, or should any venue be able to wrap a share?
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Blockchain Tokenization Meets a Wall: All Magnificent Seven Block...
Blockchain Tokenization Meets a Wall: All Magnificent Seven Block Their Shares From the OKX-ICE Venue as Objections Reach 67 Tokenized US stocks just hit their biggest reality check yet: every member of the Magnificent Seven has now blocked its shares from the planned OKX-ICE tokenized-stock...
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