Why did Wall Street giants stay behind the door of this new platform?

Why did Wall Street giants stay behind the door of this new platform?
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⚡️ In 3 seconds
The world's largest stock tokenization project is launching with over 70 assets while tech giants have turned their backs on it
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📊 Numbers you need to know
- The official launch date of this tokenized platform is scheduled for November 23
- The initial list includes over 70 assets, including 59 ETFs belonging to Direxion
- By November 5, 67 major companies, including Apple, Tesla, and Nvidia, withdrew from this plan by sending written objections
- The innovation exemption issued by the US Securities and Exchange Commission is valid for 5 years
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🔍 What 90% of media don't say
Media outlets have focused on the tech giants' resentment, but the main point is that this platform has effectively become an internal tool for crypto-affiliated companies, and the traditional market has shown no interest in this model that is exempt from strict oversight
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⚖️ Two sides of the coin
🟢 This infrastructure provides 24/7 access to crypto company stocks on the Ethereum Layer 2
🔴 Traditional market giants are absent, and the project lacks official exchange approval or direct oversight from regulatory bodies
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🎯 What does it mean for your wallet?
24-hour access to buying tokens backed by certain stocks and funds is possible while maintaining shareholder rights, but the initial liquidity is unknown, and it has limited access to eligible US users
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💬 Do you think traditional market giants will finally give in to blockchain, or will this plan fail?
📌 Send this analytical post to a trader friend who follows tokenization news
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