Walmart, Microsoft and JPMorgan Block NYSE-Backed Venture From Tokenizing Their Shares
(4 hours ago) · 1 source · Summarized by CryptoBipto
Walmart, Microsoft, and JPMorgan have reportedly blocked a New York Stock Exchange-backed venture from creating tokenized versions of their shares. The companies have refused to allow their stock to be represented as digital tokens on blockchain platforms through the NYSE-affiliated initiative.
WHY IT MATTERS
Tokenization means creating a digital version of something — in this case, company shares — on a blockchain, which is the same type of technology that powers cryptocurrencies like Bitcoin.
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SOURCES
- cryptoslate.com
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