Solana Co-Founder Tells Public Companies: Tokenize Shares or Go Private

Anatoly Yakovenko of Solana says U.S. public companies must either embrace on-chain share trading or exit public markets altogether. Firms unwilling to allow tokenized trading of their stock should simply delist, he argued.

Thirty-three major corporations have already filed objections under the SEC’s September Innovation Exemption Order. Goldman Sachs, Microsoft, Apple, JPMorgan, Coca-Cola and Caterpillar are among those rejecting listings on the OKXICE platform during the required 30-day notice period.

Industry voices point to concerns over voting rights, pricing control and 24/7 trading as reasons for resistance. Analysts still expect eventual adoption, noting that tokenized shares could expand investor reach and improve liquidity for thinly traded names.

Based on information from cryptonews.net