Tokenization

Tokenization

Finance

OKX-ICE co-chair Andrew Cuomo calls corporate objections a ‘natural response’ to tokenized stock plans

The former NY governor, who co-chairs the joint venture between the crypto exchange and Intercontinental Exchange, said companies were expected to take a wait-and-see approach.

Andrew Cuomo. (Getty Images)

Finance

Microsoft, Alphabet and Goldman Sachs join objections to OKX-ICE tokenized stock trading

Seven more issuers have opted out of being listed on the planned tokenized stock venue under the SEC's framework, bringing its disclosed objection count to 16.

Wall street signs (Lo Lo/Unsplash)

Finance

SEC tokenized stock framework faces issuer pushback as Broadcom, Verizon object to OKX-ICE listing

Eight more companies objected to trading on the planned OKX-ICE venue, while Nasdaq has separately said it would opt out under the SEC’s framework.

Wall Street street signs (Chenyu Guan/Unsplash)

Finance

Goldman, Wells Fargo, Morgan Stanley see tokenization as a growth play, not a threat

The largest banks in the world are eyeing new trading opportunities, speeding up payments and a role for advisers as tokenization takes root in Wall Street.

Wall St. street sign (Chris Hondros/Getty Images)

Finance

Citrini sees a tokenization boom. The harder question is who profits

The influential research firm says real-world assets could finally give blockchains a clear role in finance. For investors, the next challenge is figuring out which companies, networks and protocols capture the revenue.

Wall Street (Shutterstock)

Finance

Tokenized Tesla surges as Elon Musk unveils SpaceX-powered flying Roadster prototype

Volume in Hyperliquid’s Tesla contract hit $47 million in one hour after Elon Musk’s flying Roadster demo, up from $2.8 million, with U.S. stocks closed.

SpaceX and Tesla CEO Elon Musk (Getty Images)

Finance

Former FTX Europe chief targets U.S. tokenized stock trading with new SEC exemption

Nasdaq-listed Perpetuals.com is the second company to pursue a U.S. tokenized stock marketplace under the SEC's new framework, following a joint venture between OKX and NYSE parent ICE.

Perpetuals.com Group CEO Patrick Gruhn (Perpetuals, modified by CoinDesk)

Finance

BNY, Citadel Securities test tokenized U.S. Treasuries to speed up Wall Street financing

The transaction shows how blockchain-based government bonds could help trading firms move collateral faster between settlement and financing.

BNY office (BNY/Press)

Finance

Federated Hermes joins Wall Street's tokenization push with plans for first onchain fund shares

The $911 billion Pittsburgh-based asset manager is teaming up with Prometheum to bring blockchain-based share classes of its funds to traditional brokerage accounts.

Skyline view of Pittsburgh, PA (Venti Views/Unsplash)

Finance

Tokenized catastrophe bonds target the disaster-insurance gap

A planned Bermuda issuance would put legal ownership onchain and seek capital for disaster risks that remain costly to insure.

Flooding. Natural disasters. Catastrophe. (Chris Gallagher/Unsplash)