Tom Farley(@ThomasFarley):owning an interest in an SPV is not the same as owning the actual stock. This should also be a warning about the difference between wrapped equity tokens and native equity tokens. If you own a wrapped token you do NOT own the actual thing and you are going to deal with these types of ugly situations. Only native tokens allow you to own the actual thing and insulate yourself. And only the company/issuer itself can issue notice tokens!!!

Tom Farley

@ThomasFarley

Husband & father of 3. CEO of @Bullish; Formerly President of the @nyse. @georgetown alum, hometown Bowie, MD

Joined September 2017

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Tom Farley@ThomasFarley

2026.05.16 12:18

owning an interest in an SPV is not the same as owning the actual stock. This should also be a warning about the difference between wrapped equity tokens and native equity tokens. If you own a wrapped token you do NOT own the actual thing and you are going to deal with these types of ugly situations. Only native tokens allow you to own the actual thing and insulate yourself. And only the company/issuer itself can issue notice tokens!!!