OKX-ICE co-chair Andrew Cuomo calls corporate objections a ‘natural response’ to tokenized stock plans
The former NY governor, who co-chairs the joint venture between the crypto exchange and Intercontinental Exchange, said companies were expected to take a wait-and-see approach.
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Andrew Cuomo, co-chair of OKX-ICE, stated that objections from companies regarding tokenized stock trading are a "natural response" and that many firms are taking a wait-and-see approach to the new trading model. Sixteen companies, including Microsoft, Alphabet, and Goldman Sachs, have raised concerns under the SEC's experimental framework, with executives emphasizing the need for clarity on pricing, investor protections, custody, and shareholder rights. Cuomo noted that it is expected for companies to be cautious as they assess the implications of this significant market change.