NYSE owner’s tokenised stock plan hits hurdle as big companies object

The plan by the New York Stock Exchange's owner to introduce tokenized shares, which would digitize and trade large company stocks on a blockchain, has faced significant opposition from major corporations. Alphabet, Oracle, and Microsoft are among 38 out of 62 companies that have expressed their reluctance to have their stocks included in this initiative. This pushback highlights concerns about privacy, control, and the potential complexities of integrating such a system with existing financial infrastructure. Despite the promise of increased liquidity and accessibility, the resistance underscores the challenges in implementing such a groundbreaking but risky innovation.