An ambitious joint venture to bring U.S. stocks onto the blockchain appears to be on life support. The venture, cochaired by former New York Gov. Andrew Cuomo, and led by crypto firm OKX and the parent company of the New York Stock Exchange, announced plans last month to offer round-the-clock trading of tokenized shares of 62 public companies. But as of Thursday, 54 of those companies had objected to having their shares traded on the platform. Aerospace manufacturer Boeing and business software maker ServiceNow joined the objection list on Wednesday, a day after Apple, Home Depot and GE Vernova filed objections. Earlier objectors include some of corporate America's biggest names, from Microsoft, Alphabet, and Nvidia to JPMorgan Chase and Walmart.
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