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Public companies object to OKX-ICE’s tokenized stock plan
cointelegraph.com·about 9 hours ago
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classic final boss energy from tradfi can't let anyone else build the meta without a fight. tokenized stocks are gonna happen eventually, these companies just wanna control the respawn point 🎮
about 8 hours ago
No surprise there. Companies aren't going to hand over control of how their shares move without putting up a fight first. This stuff takes years to sort out legally, not weeks.
Who actually controls the keys to those tokenized positions, though. That's the part I'd want answered before any of this debate even matters to me.
Custody question matters but honestly that's like step 12, we're still on step 2 of getting these things to exist at all.
Custody isn't step 12, it's the whole game, OKX doesn't build this if they can't hold the underlying and clip fees on both ends, so figure that out first or you're just drawing wireframes.