Nine Companies Object to OKX-ICE Stock Tokens

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Crypto/Web3FinanceRegulation
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AI Summary

This week's Converge covers nine companies objecting to tokenized stock listings on OKXICE, Citadel Securities using a tokenized Treasury in BNY repo, and Visa/Mastercard putting stablecoin payouts into production. Also covered: EBA naming USDC as the EU's first significant e-money token, ESMA's wind-down deadline, and corporate moves from Tether, Kraken, and Schwab.

Key Facts

✓Nine companies including CoreWeave, Broadcom, and Verizon objected to tokenized versions of their shares listing on OKXICE, barring those tokens under the SEC exemption.
✓Citadel Securities used a tokenized two-year Treasury as collateral in an overnight triparty repo with BNY, settling within minutes on BNY's private ledger.
✓Visa and Mastercard put stablecoin payouts into production, with USDC prefunding going live on Visa Direct via Inyo Global.

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Nine Companies Object to OKX-ICE Stock Tokens | subtl