Update
OKX Launches Tokenized Stock Venue Without Big Tech Approval
OKX, a cryptocurrency exchange, is launching a tokenized stock venue without the approval of major tech companies. The venue, OKXICE, will list more than 70 assets, including Direxion ETFs and tokenized shares from Coinbase, Circle, Robinhood, Strategy, BitGo, Securitize, and Better.com. The Magnificent Seven, which includes the NYSE, have objected to the venue's launch. The NYSE also announced plans to launch a tokenized securities platform using Avalanche for clearing and settlement, with a target for launch in the fourth quarter of the year.