CoreWeave, Broadcom and Cerebras use the SEC's 30-day window to turn down OKXICE
CoreWeave, Broadcom and Cerebras have each objected to OKXICE trading tokenized versions of their shares, on a venue that treats 30 days of silence as consent. Davis Polk says a company can object only to a venue that sends it a notice. Each no covers one platform.
Reality
- Evidence45
- Adoption
- Not scored
- Hype gap
- Not scored
- Incentives
- Not scored
- Confidence50
SEC's tokenized-stock exemption lets venues pick their own price feeds
SEC's September 17 exemption gives eligible tokenized shares full shareholder rights while letting their trading venues pick their own price feeds. Douro Labs asked SEC staff on October 9 for provider-neutral standards to judge those feeds.
Reality
- Evidence55
- Adoption15
- Hype gap+5
- Incentives65
- Confidence55
Securitize is bringing tokens of 12 US stocks, including Apple and Nvidia, to Solana, each backed one-for-one by a share. Its NYSE and OKXICE listings wait on venues that have yet to launch, so for now the tokens trade on Securitize's own Solana platform.
Perspective Coverage
9 publishers
- Builder
- Builder 22%
- Operator
- Operator 43%
- Investor
- Investor 35%
Reality
- Evidence62
- Adoption20
- Hype gap+25
- Incentives65
- Confidence68
Qube Research & Technologies joined Circle, Ripple and SC Ventures in funding OKX at $25 billion, the valuation ICE paid in March. Whether that price was cheap depends on OKX's ICE joint venture winning approval to list tokenized shares of 63 U.S. companies.
Perspective Coverage
9 publishers
- Builder
- Builder 14%
- Operator
- Operator 35%
- Investor
- Investor 51%
Reality
- Evidence62
- Adoption12
- Hype gap+25
- Incentives72
- Confidence60
OKX and NYSE owner ICE have filed with the SEC to run a 24/7 venue for more than 60 tokenized U.S. stocks traded against stablecoins. How useful it turns out to be depends on how deep its liquidity pools stay on weekends, when no cash market is open for arbitrage.
Perspective Coverage
14 publishers
- Builder
- Builder 27%
- Operator
- Operator 39%
- Investor
- Investor 34%
Reality
- Evidence72
- Adoption15
- Hype gap+40
- Incentives65
- Confidence62
ICE-backed venue plans to price tokenized US stocks with a Uniswap v4 market maker
OKXICE, a joint venture of OKX and ICE, plans to trade more than 63 tokenized US stocks in Uniswap v4 liquidity pools. Uniswap's pricing formula would stay unchanged while a compliance token gates access, all under a temporary SEC exemption.
Reality
- Evidence45
- Adoption5
- Hype gap+10
- Incentives60
- Confidence50