Why McDonalds, Microsoft and Google saying no to tokenized stocks isn't a dealbreaker
Source: CoinDesk ·
From the source
Some of the world's biggest companies objected to being listed on the first tokenized securities trading venue under the SEC's innovation exemption. But the early pushback may say more about issuer caution than about rejection of tokenization itself. This is an excerpt from CoinDesk's new ‘ Tokenization Weekly’ newsletter that will be launching soon. Sign-up details will be here when it goes live. The SEC's new framework for tokenized stock trading looked, at first glance, roughly a month ago, like a fast track to putting U.S. equities on crypto rails. The first real-world test hasn't looked particularly encouraging so far. A growing group of public companies has objected to having their shares traded on the tokenized-securities venue being built by OKX and Intercontinental Exchange (ICE), the owner of the New York Stock Exchange. This week’s of objections included some of the biggest names yet: Microsoft (MSFT), Alphabet (GOOG, GOOGL), Goldman Sachs (GS) McDonalds (MCD) and three…