Key Highlights The tokenized securities platform will operate under the U.S. Securities and Exchange Commissionâs Innovation Exemption. Trades will run through Uniswap v4 liquidity pools on OKXâs X Layer network, with Securitize handling tokenization. Eligible OKX Inc. customers will retain dividend and voting rights while holding tokenized assets in personal wallets. OKX Tokenized Securities Platform ...
Key Highlights OKXICE is preparing to launch as the second platform operating under the SEC’s five-year “innovation exemption” for trading tokenized equities via automated market makers. A massive wave of corporate objections forced OKXICE to drastically alter its original roster, with roughly 90% of targeted companiesâincluding Apple, Microsoft, and Nvidiaâopting out. The revised asset lineup ...
Key Highlights Corporate objections against OKXICE’s proposed tokenized equity listings surged from 9 to 50 within 15 days, removing major issuers including JPMorgan, Dell, AMD, Coca-Cola, and CrowdStrike. Under the SECâs September 17 Innovation Exemption, platforms operating without issuer involvement must provide a 30-day notice window, granting companies an absolute veto over unsolicited tokenized trading. ...
Key Highlights: Major corporations including JPMorgan Chase, Coca-Cola, and Dell Technologies have opted out of tokenized stock trading plans launched by crypto exchange OKX and Intercontinental Exchange (ICE). An updated public notice reveals that total disclosed objections have risen to 33, with 30 of the original 62 proposed companiesâroughly 48%ârejecting participation. Corporate pushback highlights mounting ...
Key Highlights Public companies face tight 30-day windows under the SEC framework to decide whether third parties can tokenize and trade their shares. Latham & Watkins warned that failing to object in time acts as an irrevocable consent, leaving firms unable to stop trading or withdraw approval later. Industry leaders note that a lack of ...
Key Highlights: The SEC’s five-year “Innovation Exemption,” launched roughly a month ago, allows qualifying venues to test blockchain-based stock trading via automated market makers and liquidity pools, giving issuers input on whether their shares participate. Carlos Domingo, CEO of Securitize, called issuer concerns “entirely reasonable,” citing the need for education around pricing, investor protections, and ...
Key Highlights: Decentralized finance protocols Orca and Loopscale have combined forces to establish Formation, targeting the capital and credit needs of AI, robotics, energy, and defense sectors. Formation plans to deploy a tokenized securities venue within 12 months under a recent conditional Innovation Exemption granted by the U.S. Securities and Exchange Commission (SEC). An internal ...
Key Highlights Wall Street Jumps Into 24/7 Trading: OKXICE, a joint venture between cryptocurrency exchange OKX and New York Stock Exchange parent Intercontinental Exchange (ICE), has notified the SEC of plans to roll out a tokenized stock trading platform. Initial Launch Roster: The venue plans to debut with digital versions of more than 60 companies ...
Key Highlights The SEC issued an âInnovation Exemptionâ two days after the CLARITY legislation failed. The exemption allows certain venues to trade tokenized U.S.-listed stocks onchain through automated market makers and liquidity pools. The SEC and CFTC are easing practical barriers as crypto technology and demand for round-the-clock digital markets continue to grow. SEC and ...
Key Highlights: Matt Hougan argues that stalled crypto legislation may have produced faster, more favorable regulatory outcomes for parts of the industry. Stablecoin rewards, tokenization and revenue-generating tokens have benefited from agency actions or existing regulatory gaps, he says. Agency guidance and exemptions can change more easily than legislation, creating a trade-off between speed and ...
Key Highlights Cboe and S&P Dow Jones Indices are exploring the next stage of tokenization through derivatives, including $SPX options. The SECâs Sept. 17 Innovation Exemption covers certain tokenized NMS stocks but does not extend to tokenized options or other derivatives. Tokenized equities reached $4.43 billion by September 15, while Citi has projected a potential ...
Key Highlights Five major financial infrastructure firms formed the Issuer Sponsored Token Coalition on Sept. 24 to create tokens tied directly to official shareholder registers, not just price-tracking wrappers. The SEC’s new five-year Innovation Exemption, effective Sept. 17, requires tokenized securities to convey the same legal rights as traditional sharesâvoting, dividends, and corporate actionsâto qualify. ...