Broadcom, Verizon Among Companies Opposing OKX-ICE Tokenized Stock Plans
Nine U.S.-listed companies have objected to having their shares tokenized on a planned OKX-ICE venue, testing the SEC's new framework for round-the-clock trading.
AfroEuropa Newsroom
AfroEuropa desk
Several major U.S.-listed companies, including Broadcom, Verizon and UnitedHealth, are opposing plans to offer tokenized versions of their shares on a trading platform proposed by cryptocurrency exchange OKX and Intercontinental Exchange (ICE), the owner of the New York Stock Exchange.
According to BitKE, nine companies in total have objected to having their shares listed on the planned blockchain-based trading venue. Their concerns relate to pricing, liquidity, investor protection, and the potential for confusion over whether issuers have approved the tokenization of their stock.
Keep reading
BIS Paper: Higher Bank Deposit Rates Could Slow Stablecoin Growth
A Bank for International Settlements working paper finds that stablecoin growth eases when U.S. banks lift deposit rates, with Circle's USDC the most sensitive.
Other highlights
TechWolf CTO Highlights Ghent Startup Flywheel After SAP Acquisition
Jeroen Van Hautte, co-founder of Ghent-based AI startup TechWolf, discussed the city's startup ecosystem following the company's sale to SAP in a deal valued at hundreds of millions of dollars.
Follow the story
One newsletter, two continents
The Bridge brings you the tech, startups, and leaders moving between Africa and Europe in one sharp email each morning. No spam, unsubscribe anytime.
