CoreWeave (NASDAQ: CRWV) and Broadcom (NASDAQ: AVGO) have told OKXICE that they do not want tokenized versions of their stock to be traded on its new venue. The venue is operating under
- CoreWeave and Broadcom have rejected OKXICE's new venue for trading tokenized versions of their stocks, citing the SEC's 'Innovation Exemption' which allows trading after 30 days of company silence.
- Companies have a new right to object to their stock being tokenized and traded on these new venues, a process that differs from traditional stock exchanges.
- The article highlights ongoing debates around company consent, regulatory frameworks, and the potential for tokenized securities to operate outside traditional oversight.
Topics: Asset types, Legal regulatory, Institutional adoption, Financial instruments, Securities law classification, Asset manager initiatives
Tags: #tokenizedshares #okxice #coreweave #broadcom #sec #innovationexemption #stocktokens #regulatoryobjection #usdc #usdt
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