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Robinhood Supports Tokenization of Its Stock on OKX-ICE Platform

(2 hours ago) · 1 source · Summarized by CryptoBipto

Robinhood has backed the tokenization of its stock on a platform operated by OKX and ICE (Intercontinental Exchange), even as most other companies have chosen not to participate. The move makes Robinhood one of the few publicly traded companies to embrace having its equity represented as blockchain-based tokens on this particular platform.

WHY IT MATTERS

Tokenization means creating a digital version of something — in this case, a company's stock — on a blockchain.

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SOURCES

  • coindesk.com

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TokenizationTraditional FinanceStock MarketsRobinhoodOKX