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Tesla, Amazon, and SpaceX among companies snubbing tokenized stocks

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Scott Melker discusses how Tesla ( TSLA ), Amazon ( AMZN ), SpaceX ( SPCX ), Netflix ( NFLX ), Lam Research ( LRCX ) and SoFi ( SOFI ) have opted out of a tokenized-stock offering, and why Nasdaq ( ^IXIC ) sees tokenization as competition.

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00:00 Speaker A

Tesla, Amazon, and SpaceX joined tokenized stock objections. Also, Netflix.

00:05 Speaker A

So we can ban them now.

00:08 Speaker A

because they're their show suck.

00:12 Speaker A

And Lam Research and SoFi, which is a Neo bank.

00:15 Speaker A

There's some good shows on Netflix, I'm sorry.

00:17 Speaker A

Sorry I said that about you. Most of the shows suck.

00:20 Speaker A

Uh, so now we're basically at 70% of the ones that OKX is additional had initially said they wanted to tokenize completely opting out.

00:27 Speaker A

So right now, this is not going as intended, but there will still be plenty of tokenized stocks and plenty of ways to tokenize into the future.

00:33 Speaker A

We don't even have a launch date yet, by the way for OKX.

00:36 Speaker A

It will definitely happen.

00:38 Speaker A

I believe it will be wildly successful. I just believe that right now the Nasdaq sees this as competition is encouraging

00:46 Speaker A

in the Soprano's manner.

00:48 Speaker A

is encouraging the companies that are listed on Nasdaq not to participate.

00:54 Speaker A

Pretty lame for being honest.

00:56 Speaker A

Pretty lame.

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