Goldman Sachs, McDonald’s, Microsoft Oppose Share Tokenization Under New Regulatory Framework
JH Kim
Summary
- Goldman Sachs, McDonald’s and Microsoft are opposing the tokenization of their shares under a new regulatory framework, according to a report.
- The Wall Street Journal reported that the companies oppose efforts to pursue stock tokenization under the new regulatory framework.
- Stock tokenization refers to representing rights linked to conventional shares as blockchain-based tokens.
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Goldman Sachs, McDonald’s and Microsoft are opposing efforts to tokenize their shares under a new regulatory framework, the Wall Street Journal reported.
The Journal reported on October 20 that the three companies oppose moves to pursue stock tokenization under the new rules.
Stock tokenization refers to representing rights tied to conventional shares as blockchain-based tokens.
The report did not specify the companies’ reasons for opposing the effort or provide details of the regulatory framework.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.