Robinhood Backs OKX, ICE Stock Tokenization Push, Says It Will Help Build the Market
JH Kim
Summary
- Robinhood said it does not oppose trading its shares on the tokenized stock trading platform being developed by Intercontinental Exchange and OKX.
- Robinhood said it sees tokenization as the future of financial markets and would choose to help with market development rather than stand by.
- It said 56 of the 62 companies proposed for listing on the platform have opposed the tokenization of their shares.
Robinhood said it does not oppose its shares being traded on stock-tokenization platforms being developed by Intercontinental Exchange and OKX.
CoinDesk reported on November 9 that Robinhood has become the third company to back the stock-tokenization plans of OKX and ICE. Securitize and BitGo had previously supported the tokenization of their own shares.
Robinhood said it sees tokenization as the future of financial markets. Rather than stand by and watch, the company said it would help build the market.
Of the 62 companies proposed for listing on the platform, 56 have said they oppose the tokenization of their shares.
JH Kim
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