Solana co-founder warns firms opposing tokenized stocks to go private

Anatoly Yakovenko, co-founder of Solana, argued that U.S. public companies which bar their shares from being traded on-chain should withdraw from public markets. The remarks came as about 33 major public companies, including Apple, Alphabet, Goldman Sachs and Microsoft, declined to have their equities tokenized on OKXICE, a venture between OKX and Intercontinental Exchange. Under the SEC’s Innovation Exemption Order, enacted in September, tokenized-securities venues must give unaffiliated issuers advance notice and 30 days to object in writing. The framework is intended to let market participants test blockchain-based securities trading over five years, but a platform cannot proceed if an issuer objects.