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Seven much issuers person opted retired of being listed connected the planned tokenized banal venue nether the SEC's framework, bringing its disclosed objection number to 16.
Oct 20, 2026, 8:40 a.m. EDT
Wall Street signs (Lo Lo/Unsplash)- Microsoft, Alphabet and Goldman Sachs are among 7 further companies objecting to tokenized versions of their shares trading connected OKXICE, bringing the disclosed full to 16 issuers.
- The objections underscore a situation for the Securities and Exchange Commission’s tokenized-stock framework, which allows issuers to artifact venues from offering blockchain-based versions of their shares.
- OKXICE plans to connection round-the-clock, stablecoin-settled trading of tokens backed one-for-one by shares and carrying equivalent dividend and voting rights.
Microsoft MSFT, Alphabet (GOOG, GOOGL) and Goldman Sachs (GS) person objected to having tokenized versions of their shares traded connected OKXICE, adding to issuer absorption against the planned stock-trading venue from crypto speech OKX and New York Stock Exchange genitor Intercontinental Exchange (ICE).
The companies look among 7 further objecting issuers successful the associated venture’s updated nationalist announcement dated Oct. 19. Qualcomm (QCOM), Caterpillar (CAT), McDonald’s (MCD) and Western Digital (WDC) besides joined the list.
The additions bring the disclosed tally to 16 companies, up from 9 successful past week’s notice. The papers does not explicate their reasons oregon specify erstwhile they submitted their objections.
Read more: SEC tokenized banal model faces issuer pushback arsenic Broadcom, Verizon entity to OKX-ICE listing
The increasing database highlights a hurdle for the SEC’s caller model for tokenized banal trading, which was unveiled past month.
OKXICE’s archetypal announcement identified 63 tickers representing 62 companies, with Alphabet appearing done some stock classes. Fifteen of those companies person present objected, leaving 47 without a disclosed objection. Cerebras Systems (CBRS), the different objecting issuer, was extracurricular the archetypal projected trading roster.
Previous objectors besides included Broadcom (AVGO), Verizon (VZ), UnitedHealth (UNH), CoreWeave (CRWV), AppLovin (APP), Applied Digital (APLD), Rocket Lab (RKLB) and Applied Optoelectronics (AAOI).
OKXICE announced its plans connected Oct. 5, seeking to run nether the SEC’s five-year “Innovation Exemption.” The model allows qualifying venues to commercialized tokenized U.S. stocks done automated marketplace makers and liquidity pools, portion giving issuers an accidental to object.
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Diversified RWA stablecoins prolong 5-7% output from existent recognition arsenic crypto backing compresses to ~4%. GENIUS pushes output off-chain; TAM grows to $4B successful 3 years.
Diversified RWA stablecoins prolong 5-7% output from existent recognition arsenic crypto backing compresses to ~4%. GENIUS pushes output off-chain; TAM grows to $4B successful 3 years.
Why it matters:
Diversified RWA stablecoins prolong 5-7% output from existent recognition arsenic crypto backing compresses to ~4%. GENIUS pushes output off-chain; TAM grows to $4B successful 3 years.
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