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Corporate opposition spreads against tokenized stock trading platform

decrypt · ·by G4L

CSCO Cisco Systems Inc
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  1. 1Six companies, including Wells Fargo, Cisco Systems, and Marvell Technology, opposed OKXICE TSV's tokenized stock trading.
  2. 2The number of opposing companies increased from 9 on October 15 to 16 on October 19, reaching a total of 22.
  3. 3Nasdaq announced it would exclude its own shares from the SEC's innovation exemption.

So what's the key point?

Several companies, including Wells Fargo, are opposing the practice of converting stocks into tokens for trading. As the number of opposing companies has grown to 22, negative sentiment toward this trading method is increasing.

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