Uzman Coin1 hour agoBusiness1 min read

Tokenized shares 90 percent rejected: Only crypto companies approved

Quick Look

The rejection response to the OKXICE platform, where the clearing and settlement of tokenized versions of shares on the New York Stock Exchange is expected to be carried out on the Avalanche network, draws attention.
On the platform, where tokenized versions of the shares of 63 major companies are planned to be traded in the first stage, it currently appears that only 6 companies have not objected, and all of these companies engage in crypto-related activities.

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Why It Matters

The rejection response to the OKXICE platform, where the clearing and settlement of tokenized versions of shares on the New York Stock Exchange is expected to be carried out on the Avalanche network, draws attention. In the first stage, it was planned to trade tokenized versions of the shares of 63 large companies.

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The abundance of rejection responses to the OKXICE platform at the New York Stock Exchange, where the clearing and settlement of tokenized shares are expected to be carried out on the Avalanche network, also draws attention. On the platform, where tokenized versions of the shares of 63 major companies are expected to be traded in the first stage, it seems that only 6 companies have not objected to this practice. In fact, all of these companies engage in crypto-related activities. Therefore, almost the entire traditional finance world has rejected tokenization, or more accurately, the OKXICE platform…

Open Questions

What are the reasons why only 6 out of 63 companies did not object?
When is the OKXICE platform planned to be operational?
What is the exact role of the Avalanche network in this process?

Tokenized shares 90 percent rejected: Only crypto companies approved

Quick Look

The rejection response to the OKXICE platform, where the clearing and settlement of tokenized versions of shares on the New York Stock Exchange is expected to be carried out on the Avalanche network, draws attention.
On the platform, where tokenized versions of the shares of 63 major companies are planned to be traded in the first stage, it currently appears that only 6 companies have not objected, and all of these companies engage in crypto-related activities.

AI-generated summary