Tokenized securities trading framework faces industry resistance
The latest in this situation
- The new OKXICE platform offers tokenized shares of Coinbase, Robinhood, and Circle, following SEC approval.
- The joint venture between OKX and ICE has been created for tokenized equities.
- Financial firms like Broadridge and Equiniti are joining the NYSE to support the growing market for tokenized securities.
- ICE is expanding its network for tokenized securities following its ownership of NYSE infrastructure.
- Walmart and Eli Lilly join other firms in objecting to the ICE/OKX tokenized stock venture.
How it started
Regulatory Approvals Drive Tokenized Asset Trading Initiatives on NYSE and Nasdaq
What happened
The US Securities and Exchange Commission approved Nasdaq's pilot proposal on March 18 to support the trading of tokenized versions of high-volume stocks and securities. Separately, the New York Stock Exchange partnered with Securitize on March 24 to develop blockchain-based trading infrastructure for tokenized shares and exchange-traded funds. This initiative is part of Intercontinental Exchange's larger plan for a tokenized securities venue offering 24/7 trading, instant settlement, and stablecoin-based funding.
From cointelegraph.com
Why it matters
The developments signal a major shift toward digital asset infrastructure within traditional finance. The initiatives aim to integrate tokenized assets into established markets like the NYSE and Nasdaq. This expansion into tokenized securities venues attracts significant investment, as demonstrated by Digital Asset Holdings raising $355 million at a $2 billion valuation.
From cointelegraph.com
Who's involved
- New York Stock ExchangeAmerican stock exchange partnered with Securitize to develop blockchain infrastructure for tokenized shares.
- NasdaqAmerican fully electronic stock exchange whose pilot proposal for tokenized assets received SEC approval.
- Securities and Exchange CommissionGovernment agency whose prior approval enabled the tokenized asset trading initiative.
- Intercontinental ExchangeFinancial company whose plans include a tokenized securities venue featuring 24/7 trading.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- NasdaqSpeculative
Nasdaq could integrate tokenized securities into its market offerings, potentially attracting new investment streams.
How it developed
Newest first. Tap a step to see who reported it.- Tech stocks are driving gains on both the NYSE and Nasdaq.Sub-event
- ICE and NYSE are partnering to offer tokenized U.S. stocks and ETFs, pending regulatory approval.Sub-event
- OKX and Intercontinental Exchange announced a joint venture for tokenized equities, following SEC approval.Sub-event
- Tokenized stock trading is gaining traction and advancing plans across major exchanges.Sub-event
Regulatory approval is enabling tokenized asset trading.1 source
Keep exploring
The entities involved
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New York Stock Exchange
American stock exchange
- The Boyd Group Inc., a Canadian corporation, operates in North America and has shares trading on both the New York Stock Exchange and the Toronto Stock Exchange.
- Nasdaq is attracting major companies like Intel, AMD, and Micron with its lower fees compared to the NYSE, where several companies are listing.
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Nasdaq
American fully electronic stock exchange