The $6.3 billion Binance hack showed how quickly cryptocurrencies can disappear on blockchain rails. Tokenized securities may offer better recourse than crypto after a theft, but the markets around them can still break down when stress hits.
This story was originally published by CoinDesk.
TL;DR: Aave contributors said the protocol had frozen additional tBTC supply and borrowing in its Ethereum Core market after Threshold’s temporary pause of the token’s mint-and-redeem functions. It…
SpaceX joined several other issuers objecting to OKXICE tokenized trading, months after crypto platforms offered tokens tied to its shares.
TL;DR: Tether said on November 2 that it froze more than $1.5 billion in USDT linked to the late-October Binance attack, working with investigators and industry partners. Tether’s announcement gives…
Tesla, Amazon, Netflix and three other major companies have dealt another blow to OKX’s stock tokenization ambitions.
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.
