Tokenized stocks were meant to put shares of the largest US companies on blockchains, and this week most of those companies said no. CoinDesk counted 67 objections to the OKXICE plan on November 6, including Apple and Meta. Furthermore, 56 of the 62 companies first chosen, about 90%, have refused.
Yet Strategy, Coinbase, Circle and Robinhood have not objected. That makes this week’s crypto news a test of whether tokenized trading starts with crypto firms alone.
Whoever ends up issuing those shares, the tokens will have to move between blockchains. Below the headlines, that need has drawn over $11.3 million into Pepeto, whose $0 cross chain bridge is in development.
Crypto News: 56 of 62 Companies Refuse OKXICE Tokenized Trading
By November 5, 67 companies had refused to let OKXICE trade tokenized versions of their shares. The venture, owned equally by OKX and NYSE owner ICE, wants 24/7 trading of US stocks settled in stablecoins. An SEC exemption gives each company 30 days to object, and all of the Magnificent Seven now have.
The plan still has a path, since Securitize and BitGo said they would not object. The rules also leave every company free to issue its own tokenized shares elsewhere.
However, six crypto names make a thin market next to Apple and Nvidia. Additionally, trading in each stock is also capped at 0.25% of its prior month daily volume. Bitcoin barely moved on the news.
This leaves a practical point inside the crypto news: tokens live on chains and have to move between them. Most bridges charge $15 to $50 a crossing. Meanwhile, Pepeto is building one that does it for $0, and big investors are testing it privately.
Big Investors Put $11.3 Million Into Pepeto’s $0 Bridge
Pepeto’s presale has passed $11.3 million ahead of its Binance debut. Pepeto is a meme coin with an exchange, a scanner and a bridge built around one token. The team is building those tools before the token trades.
Moving a token from Ethereum to Solana usually costs $15 to $50 and can take minutes or hours. Also, a failed transfer on some bridges can lock funds for good. Pepeto’s bridge locks tokens in an audited contract on the first chain.
It mints them on the second only after the lock is proven on chain. Therefore, no wrapped copy exists and supply stays equal everywhere. It covers Ethereum, BNB Chain, Solana, Base and Arbitrum for $0 plus gas. Moreover, it finishes in under a minute, and returns the tokens if a transfer fails.
A holder making 17 crossings a year keeps $255 to $850 that other bridges would charge. Around the bridge, the exchange charges 0.00% per swap and the AI scanner stops buys into tokens no one can sell.
A holder who moves coins often comes back to the platform. Every crossing runs through the Pepeto token, capped at 420 trillion. The token sells for $0.0000001906 today, and big investors who buy before any exchange sets a price are often first to see a launch coming.
Conclusion
With 67 companies refusing and crypto firms still in, this week’s crypto news shows tokenized trading starting with a narrow group. Each token in that group will need to cross chains, and Pepeto’s bridge is built for that job.
Pepeto’s presale base is about $11.3 million, so each new million is a large share of the total, while bitcoin needs billions to move a few percent.
The current stage ends when its target fills or its time runs out, and the next one sells higher. Buying at the presale price puts a holder among those who own the lower price when the Binance listing opens trading, and every buyer after that pays more.
Click To Visit Pepeto Website To Enter The Presale
