Tokenized Stock Fight Looms Over Robinhood Earnings Call
- —22 of 63 companies now object to tokenized listings on OKX-ICE, a 2.5x rise in eight days
- —Robinhood Chain generated about $51 million in its debut quarter versus Ethereum's $41 million
- —The chain processed $65 billion in DEX volume, $13.7 billion of it in tokenized equities
- —OKXICE let issuers tokenize their own shares, but no objector has taken up the offer
Why it matters: The outcome will decide whether venues can trade tokenized shares without issuer consent, and for Robinhood the stock tokens underpin much of its chain's activity.
Source: Decrypt