SpaceX Pushes Back on Tokenized Share Trading via OKXICE
Edited by Steinar Vigdel Kolnes, Editor, Oslo
SpaceX has joined other companies in objecting to tokenized products linked to their shares on the OKXICE trading venue.
SpaceX has opposed the listing of tokenized products tied to its shares on OKXICE, according to Cointelegraph, as offshore demand for blockchain-based stock exposure continues to grow.
The move comes months after cryptocurrency platforms began offering tokens designed to track the value of SpaceX shares, giving traders indirect exposure without holding the underlying private-company stock.
SpaceX is not alone in challenging such products, with several issuers raising objections to tokenized representations of their securities. The disputes highlight questions around authorization and how these instruments are structured and marketed.
Tokenized equities have expanded across offshore crypto venues, but their legal status, investor rights and relationship to underlying shares can vary depending on the product and jurisdiction.
Source: Cointelegraph
