That gives public companies a say in whether unaffiliated third parties tokenize and trade their shares, but it also tilts the decision toward caution.
Global law firm Latham & Watkins has warned issuers that silence effectively becomes an irrevocable decision: the SEC order provides no mechanism to object after the 30-day window or withdraw a prior non-objection once trading begins.
So when a legal or investor-relations team receives notice about a new market structure it may know little about, saying no while it figures things out can be the rational choice.
“Most of these companies had no idea a third party had tokenized their stock until the OKXICE notice went up,” Dave Hendricks, CEO and founder of tokenization firm Vertalo, told CoinDesk.
“Once they do, the questions come fast: who holds the shares behind the token, how do dividends and votes reach those holders, what does the transfer agent see?” he added.
If those…
