TLDR Tech / News
60+ US Stocks, Including Nvidia and Tesla, to Trade Onchain
OKX and Intercontinental Exchange, the operator of the NYSE, are set to launch a continuous, blockchain-based trading market via their joint venture, OKXICE. This new platform will feature over 60 tokenized U.S. stocks, such as Nvidia and Tesla. Instead of a traditional order book, it will utilize stablecoins and blockchain liquidity pools, with each token fully backed by a corresponding share held by a registered broker-dealer. However, potential obstacles like corporate opposition, regulatory ambiguity, and liquidity concerns could hinder widespread adoption in the near future.
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