Major Corporations Reject Tokenized Stocks Out of Caution, Not Opposition to the Technology 22 companies, including Microsoft, Alphabet, McDonald’s, Goldman Sachs, and Wells Fargo, have refused to allow their shares to be traded as tokens on the OKXICE exchange. Under SEC rules, companies have only 30 days to object. Silence is treated as consent, and the decision cannot be reversed. With uncertainties surrounding how dividends and voting rights would be handled, many companies have chosen to opt out as a precaution. Experts believe these companies simply want a say in the process rather t

HSBC has launched its first stablecoin, RedCoin (RCHKD), which is pegged to the Hong Kong dollar and integrated into its PayMe payment app. Users can send money to family and friends and make payments at more than 100,000 merchant locations. More than 3.3 million PayMe users will be able to activate a stablecoin wallet directly in the app. RedCoin is backed by highly liquid assets held in segregated accounts. The Hong Kong Monetary Authority granted HSBC a license to issue stablecoins in April 2026, alongside Anchorpoint Financial, a joint venture led by Standard Chartered. HSBC plans to ad

Switzerland approves its first spot Bitcoin ETF for retail investors Swiss financial regulator FINMA has approved the country’s first ETF investing exclusively in Bitcoin for retail investors. BIT Asset Management’s Bitcoin Fund ETF is expected to begin trading on SIX Swiss Exchange in November and will be offered exclusively in Switzerland. Unlike many Bitcoin products in Europe, which are structured as debt securities, this fund holds actual Bitcoin. Its assets are segregated from the management company to help protect investors. ❤1👍1😍1