Yhn BusinessCrypto first seen 4 d ago, last 57 min ago, peak #3
Microsoft and other firms tell crypto platform to stop tokenizing their stocks
Original: Microsoft and others tell crypto platform not to tokenize their stocks
Microsoft, McDonald's, Verizon and other major companies have demanded that a crypto platform stop offering tokenized versions of their stocks. The platform had been selling blockchain-based representations of the companies' shares, giving crypto traders exposure to equities without the firms' involvement or consent. The move highlights growing tension between traditional listed companies and the crypto industry's efforts to wrap real-world assets in blockchain tokens.
Why now: Major brands publicly pushing back against crypto tokenization of their stocks is an unusual and consequential clash between Wall Street and crypto.
MicrosoftMcDonald'sVerizontokenized stocks
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