OKX-ICE’s Andrew Cuomo calls issuer objections a ‘natural response’ to tokenized stock plans
Source: CoinDesk ·
From the source
The former NY governor, who co-chairs the joint venture between the crypto exchange and Intercontinental Exchange, said companies were expected to take a wait-and-see approach. A growing list of companies rejecting tokenized trading of their shares is an expected part of testing a new market structure, Andrew Cuomo, co-chairman of the OKX-ICE joint venture, said after Microsoft, Alphabet and Goldman Sachs joined the objectors. “This is a very natural response,” Cuomo, an OKX board member and former New York governor, said during a press call on Tuesday. “The model was designed to give companies the right to determine whether they want to opt in or opt out.” “We always anticipated that, because this is such a dramatic and revolutionary change, many companies would want to wait and see how it goes rather than be the first to participate,” he added. His remarks followed a Monday public notice showing 16 companies had objected to having tokenized versions of their shares traded on…