Morning Minute: Nine Blue Chip Companies Say No to Tokenized Stocks

Key Points:

• Nine major companies, including Verizon and Broadcom, have objected to their shares being traded as tokenized stocks on the OKXICE platform, impacting 14% of the planned listings and raising concerns about issuer consent in tokenized stock markets.
• OKXICE operates without SEC registration and Regulation NMS compliance, allowing 24/7 trading settled in stablecoins, but faces challenges such as capped trading volumes and the ability to upgrade smart contracts without notice.
• Crypto markets are slightly down with Bitcoin at $81.4k and Ethereum at $2,380, while oil prices surged 6% to $109; JPMorgan projects Bitcoin’s annual returns at 10%, outperforming stocks, REITs, and gold over the next decade.
• Bitcoin ETFs saw $527 million in inflows recently, with major institutional purchases by Strive and Bitmine increasing their BTC and ETH holdings significantly, while Mastercard introduced Stablecoin Security to enhance fraud detection in stablecoin payments.
• Papertrade announced that its PAPER token will remain nontransferable to prevent exploit risks, and the Hyperliquid Policy Center urged the SEC for clearer rules on airdrops and buybacks to protect decentralized token distributions.