Robinhood explicitly supports tokenized trading of its stocks on OKXICE, while six companies that have not publicly opposed the initiative are all closely linked to the crypto industry.
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Robinhood has confirmed it does not object to its shares being traded on OKXICE, the tokenized stock trading platform jointly launched by OKX and Intercontinental Exchange (ICE), parent company of the New York Stock Exchange. The U.S. brokerage becomes the third firm to explicitly state no objection, following Securitize and BitGo. Per OKXICE’s November 5 disclosure, 56 of the 62 companies initially set to list on the platform have raised objections, accounting for roughly 90%. The six firms that have not publicly objected are all closely tied to the crypto sector, including Robinhood, Securitize, BitGo, Circle, Coinbase, and Strategy. The platform plans to trade tokenized stocks via an Automated Market Maker (AMM) under the U.S. Securities and Exchange Commission’s (SEC) five-year Innovation Exemption framework. Token holders will enjoy the same dividend and voting rights as holders of the underlying stocks, while issuing companies can raise objections within 30 days of receiving notice. (CoinDesk)
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