McDonald’s, Microsoft, Alphabet and Goldman Sachs are pushing back against Wall Street’s latest blockchain experiment, formally objecting to having their shares traded on OKX-ICE’s proposed tokenized stock platform. The resistance comes as Andrew Cuomo champions the venture’s round-the-clock trading ambitions.
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The top 15 stocks now hold a record 46.7% of the S&P 500, far above the 27.2% share during the 2000 Dot-Com Bubble. The post The Top 15 Stocks in the S&P 500 Are Now 47% of the Value. In 2000 Bubble, It Was 27% appeared first on BeInCrypto.
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The platform tracks tokenized securities ownership and transfers, linking to Malaysia’s RENTAS+ system to settle corresponding payments in central bank money.
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Institutions can trade through Ripple Prime and post RLUSD as collateral. Finding enough buyers and sellers for large positions could prove harder.
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An economist says GTA 6 absences could cost the US $1B as Take-Two eyes $1B cash flow. Its stock is down 19.79% YTD. The post GTA 6 to Drain $1B From US Economy With Take-Two Expected to Bank the Same Amount appeared first on BeInCrypto.