Intel, Oracle, IBM Object to OKX-ICE Tokenized Stock Trading Venue
(2 hours ago) · 1 source · Summarized by CryptoBipto
Intel, Oracle, and IBM have joined objections to a proposed tokenized stock trading venue being developed by crypto exchange OKX and Intercontinental Exchange (ICE). The total number of companies objecting has now reached 26. The venue would allow tokenized versions of traditional stocks to be traded on blockchain-based infrastructure.
WHY IT MATTERS
Think of tokenized stocks like digital copies of traditional company shares that live on a blockchain — the same type of technology that powers cryptocurrencies. OKX, a crypto exchange, and ICE, which owns the New York Stock Exchange, proposed creating a new marketplace where people could trade these digital versions of stocks. However, 26 companies, including well-known names like Intel, Oracle, and IBM, have objected. This is significant because it shows that many traditional companies are not comfortable with their shares being turned into blockchain-based tokens and traded on crypto platforms. For anyone new to crypto, this story illustrates that merging traditional finance with blockchain technology is not just a technical challenge — it also requires buy-in from the companies whose assets would be involved.
Read the full analysis with a CryptoBipto membership
Members can read the full analysis of every story, not just the headline.
Get startedSOURCES
- decrypt.co
RELATED