“Under the framework, venues must notify issuers and give them 30 days to object before offering tokenized versions of their shares.”
The SEC’s Innovation Exemption lets companies opt out of having their stock tokenized, and 26 have. Microsoft, Alphabet, Goldman Sachs, Cisco and Wells Fargo said no first. Intel, Oracle and IBM are the latest. A stock market the issuers refuse to join is a crypto product with a borrowed ticker.