Tesla, Amazon Deal Fresh Blow to OKX Tokenization Push
Tesla, Amazon, Netflix and three other major companies have dealt another blow to OKX’s stock tokenization ambitions.
This story was originally published by U.Today.
Tesla, Amazon, Netflix and three other major companies have dealt another blow to OKX’s stock tokenization ambitions.
This story was originally published by U.Today.
Amazon, Tesla, SpaceX, Netflix, Lam Research, and SoFi objected to trading of their shares on the planned OKX-ICE tokenized stock venue, bringing the total to 56.
Objections have reached 56 companies, with nearly 80% of the venture’s initial stock selection opting out.
Governance group Open Standard will charge a 0.1 basis point management fee on payment volume, capped at at $0.01 per payment.
Participating institutions can settle tokenized deposit transactions in central bank money beyond conventional hours, supporting treasury and fund activity.
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