SpaceX blocks tokenized stock listing on OKXICE despite offshore trading boom
SpaceX joined several other issuers objecting to OKXICE tokenized trading, months after crypto platforms offered tokens tied to its shares.
SpaceX joined several other issuers objecting to OKXICE tokenized trading, months after crypto platforms offered tokens tied to its shares.
Just months after tokenized versions of SpaceX shares became one of the biggest drivers of onchain stock trading, the aerospace company is pushing back against plans to bring similar trading to US investors.
According to a Nov. 2 public notice from OKXICE, SpaceX has objected to the proposed listing of tokenized versions of its shares on the trading venue, a joint venture between crypto exchange OKX and New York Stock Exchange parent Intercontinental Exchange (ICE). The company now joins Tesla and Amazon among 56 companies objecting to the proposed listings.
OKXICE co-chair and former New York Governor Andrew Cuomo told Cointelegraph on Oct. 20 that the venture expected more objections as companies avoided being the first to test the model.