Tyler on tokenized stock pushback
What are you actually left with if the giants refuse to show up? That question sits at the heart of a real problem in the tokenized stock narrative right now that not a whole lot of folks are talking about, according to Tyler. A lot of these major companies simply don't want their stock traded as tokenized stocks, and the situation has escalated since he wrote about it for the newsletter two days prior when it was just the first nine companies. Now another seven have come out and objected to having their shares traded on this upcoming OKX interface linked to Intercontinental Exchange (ICE). This specific exchange mentioned is the New York Stock Exchange, which is paired with ICE for the trading menu. It's not just mom and pop shops making noise; this is Microsoft, Google, and Goldman Sachs joining this list, along with Qualcomm, Caterpillar, McDonald's. The group of objecting companies also includes Alphabet, as seen in a Decrypt news article regarding the objections from these tech and finance heavyweights. At some point, if you're not going to have the giants like what are you going to have? This is where the demand is. So this becomes a problem because excluding them creates a significant hole in the market.
Transcript (en)
I think there is a real problem in the tokenized stock narrative right now that not a whole lot of folks are talking about. A lot of these major companies don't want their stocks traded as tokenized stocks. So I wrote about it for the newsletter two days ago when it was the first nine companies. Now another seven have come out and objected to having their shares traded on this upcoming OKX ice. This is Intercontinental Exchange, New York Stock Exchange, pair of that ice to having their shares traded on that stock menu. It's not just mom and pop shops. This is Microsoft, Google, and Goldman Sachs joining this list, along with Qualcomm, Caterpillar, McDonald's. So, I mean, at some point, if you're not going to have the giants, like what are you going to have? Like this is where the demand is. So this becomes a problem. Right.
