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Nvidia, Nike and 48 other companies oppose OKX stock tokenization plan

FROM THE WIRE · U.TODAY

A total of 50 companies, including Nvidia (NVDA) and Nike (NKE), have officially raised objections to the trading of tokenized shares on a new platform backed by crypto exchange OKX and the parent company of the New York Stock Exchange (NYSE).

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralOpposition from major companies to tokenized shares could slow a project involving a stock exchange and a crypto exchange.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01A total of 50 companies, including Nvidia and Nike, have formally raised objections.
  2. 02The objections concern trading of tokenized shares on a new platform.
  3. 03The platform is backed by crypto exchange OKX and the parent company of the NYSE.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
NVIDIA CorporationNVDAStock204.64 USDMarket closedtoday -4.22%Neutral NIKE, Inc.NKEStock38.67 USDMarket closedtoday +0.65%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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