Walmart, Microsoft and JPMorgan block NYSE-backed venture from tokenizing shares
AI summary
Walmart, Microsoft and JPMorgan have blocked an NYSE-backed venture from tokenizing their shares, according to CryptoSlate. The venue earns trading fees from tokenized shares while issuers face pricing risks and only a 30-day window to block a third-party proposal. The pushback from major issuers signals resistance to tokenized equities, a setback for efforts to bring traditional stocks on-chain.
