Tokenized Stock Trading Surges Overseas Despite U.S. Opposition
· Business · CNBC, Bloomberg
Trading volume for blockchain-based tokenized stocks surged significantly on international platforms, reaching $11.31 billion on Robinhood Chain in September up from $526 million in July. Meanwhile, major U.S. corporations including Goldman Sachs, Microsoft, and McDonald's are formally objecting to having tokenized versions of their shares traded on platforms like the OKXICE venue. The friction centers on regulatory concerns and whether token holders should receive the same voting and economic rights as traditional shareholders. Tokenization utilizes blockchain networks to issue digital representations of publicly traded securities, aiming to improve market accessibility and liquidity.
Why it matters
The resistance from Wall Street firms highlights a regulatory standoff over shareholder rights in blockchain-based equity markets.
Read the original report — CNBC
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