Broadcom, Other Major US Companies Oppose Tokenization of Their Own Shares
JH Kim
Summary
- Major US companies have expressed opposition to the tokenization of their shares, creating a new variable for the development of a related regulatory framework.
- Verizon, UnitedHealth Group and Broadcom are opposing the tokenization of their shares under a new regulatory framework.
- Their opposition came as a new regulatory framework for stock tokenization is being pursued, and the specific reasons were not disclosed.
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Major US companies are opposing the tokenization of their own shares, complicating efforts to establish a related regulatory framework. Verizon, UnitedHealth Group and Broadcom are among the companies that have objected, The Wall Street Journal reported.
The Wall Street Journal reported on October 16 that Verizon, UnitedHealth Group and Broadcom oppose the tokenization of their shares under a new regulatory framework.
Stock tokenization refers to representing rights tied to traditional shares as blockchain-based tokens.
The companies' opposition comes as a new regulatory framework for stock tokenization is being pursued. Their specific reasons were not disclosed.
JH Kim
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