OKXICE plans to launch a tokenized stock venue on November 23 without shares from the Magnificent Seven tech companies. Under the SEC exemption described in the newsletter, a company can block a third party from minting tokens of its shares by objecting in writing within 30 days. The venue’s November 5 notice listed 67 companies that had objected, including all seven.
The venue plans to list more than 70 assets, including 59 Direxion ETFs. Its individual stocks are Coinbase, Circle, Robinhood, Strategy, BitGo, Securitize and Better.com. Securitize will tokenize the shares; the newsletter says each token is backed by one share and carries dividend and voting rights.
