Wells Fargo, Intuit Oppose Tokenized Stocks as Corporate Pushback Grows: Reuters

Wells Fargo , Intuit, and Arm Holdings objected before the SEC to reject the trading of their securities as tokenized shares. According to a regulatory filing cited by Reuters, this refusal brings to 22 the total number of companies blocking their inclusion in the joint initiative by OKX and Intercontinental Exchange (ICE), joining the previous veto by giants such as Microsoft, Alphabet, and Goldman Sachs . The dispute arises following a temporary exemption issued by the SEC , which allows the listing of digital representations of traditional securities with 24/7 continuous trading on the X Layer network via liquidity pools. However, this regulation grants issuers opt-out rights.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Economy.