OKXICE Sets Nov. 23 Launch for Tokenized Securities
The SEC exemption brings US securities on-chain without traditional exchange registration, but issuer opt-outs expose a divide over investor protections.
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The SEC exemption brings US securities on-chain without traditional exchange registration, but issuer opt-outs expose a divide over investor protections.
A planned Equiniti acquisition would give Bullish access to issuer relationships as some companies resist third-party tokenized-stock venues.
The pushback spans major technology, retail and financial firms, highlighting a growing compliance hurdle for bringing public-company shares onto tokenized markets.
The 38 objections expose a core tension: OKXICE can earn trading and liquidity fees, but secondary token trades raise no new capital for the companies whose shares are represented.
The rule limits trading volume rather than ownership, making liquidity, custody and redemption terms as important as the stock exposure itself.