Meta makes it 7 of 7, as every Magnificent 7 company now says NO to tokenized versions of its shares on OKXICE. Meta objected on Thursday, joining Apple, Tesla, Amazon, Nvidia…
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JUST IN: Meta makes it 7 of 7, as every Magnificent 7 company now says NO to tokenized versions of its shares on OKXICE. Meta objected on Thursday, joining Apple, Tesla, Amazon, Nvidia, Microsoft and…
JUST IN: Meta makes it 7 of 7, as every Magnificent 7 company now says NO to tokenized versions of its shares on OKXICE. Meta objected on Thursday, joining Apple, Tesla, Amazon, Nvidia, Microsoft and Alphabet in blocking their stock from the OKX and NYSE owner ICE venture. The venture plans 24/7 trading of tokenized US stocks, settled in stablecoins, and companies get 30 days to block their shares. And they’ve been saying no, fast: Oct 27: 26 companies worth about $13.9 TRILLION had objected Oct 28: 7 more, including JPMorgan, take the total to 33 Nov 1: 50 companies worth over $25 TRILLION, with Nvidia, Nike and Micron among the latest Nov 3 to 4: Amazon, Tesla and then Apple join, making it 6 of the Magnificent 7 Nov 5: Meta, Palantir and S&P Global join, taking the total to 67 56 of the 62 companies OKXICE originally picked, about 90%, have now said no. The only 6 without a disclosed objection are all tied to crypto: Strategy, Coinbase, Circle, Robinhood, Securitize and BitGo.
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