Mystery Wall Street Journal ad sparks new fight over tokenized stocks
Source: CoinDesk ·
From the source
A full-page warning urging CEOs to opt out of tokenized stock trading drew a response from Securitize and questions over who paid for it. "YOUR STOCK. THEIR TOKENS. YOUR PROBLEM," the full-page ad declared, listing risks from price distortions and hidden ownership to market manipulation and cybertheft. It warned executives they had just 30 days to opt out of having their shares traded as tokens. The ad came after the Securities and Exchange Commission rolled out a temporary " innovation exemption " allowing select blockchain-based trading venues to offer tokenized versions of U.S. stocks. Companies can opt out if they don't want their shares included, while the framework has drawn objections from parts of Wall Street, including 33 companies so far saying no to be listed on the OKX–Intercontinental Exchange (ICE) tokenized securities venue. The dispute goes to the heart of Wall Street's tokenization push: whether stocks can move onto blockchain rails without losing the investor…