Valls Fargo opposes share listing on OKX
The platforms "OKX" and "Intercontinental Exchange" plan to issue tokenized shares using blockchain technology, a process known as tokenization, with the aim of facilitating the trading of cryptocurrency-based shares in an unconventional manner. However, six companies, including Wells Fargo, Aram Holdings, and Intuit, have objected to the tokenization of their shares, considering it a challenge to market regulation and a threat to the rights of issuing companies. Although the U.S. Securities and Exchange Commission has approved these products, objections and the resulting regulatory restrictions reflect some companies' resistance to this technology, which aims to enable continuous and real-time trading around the clock but faces rejection from the issuing companies.
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