[CoinDesk] Robinhood backs tokenization of its stock on OKX–ICE platform even as most companies opt out

Robinhood will allow its stock to be tokenized on the OKX–ICE platform, becoming one of the few companies to opt in after a wave of early corporate pushback against the Intercontinental Exchange and OKX joint venture. The brokerage said it prefers helping build tokenized markets to sitting on the sidelines. The move matters because corporate participation has been the main bottleneck for tokenized equities, and Robinhood’s backing gives the effort a marquee U.S. brokerage name. Most companies have so far declined to join the platform. What to watch next is whether other large issuers follow Robinhood’s lead and how quickly tokenized trading volumes on the OKX–ICE venue grow.