Applied Digital (APLD) Blocks Tokenized Versions Of Its Stock

Applied Digital (NasdaqGS: APLD) objected to tokenized versions of its shares being traded on the OKXICE platform. The decision places Applied Digital alongside other listed companies that have moved to restrict tokenized equity trading on OKXICE. OKXICE offers blockchain based trading of tokenized stocks, which mirror price movements of underlying listed equities on traditional exchanges. Applied Digital’s pushback against OKXICE tokenizing its stock without consent is only one piece of the...