Microsoft and McDonald’s Push Back Against OKX-ICE Tokenized Stocks

Corporate Heavyweights Challenge OKX-ICE’s Tokenization Plans

Some of firm America’s biggest names aren’t rather acceptable to fto their shares participate the blockchain trading arena. An updated Oct. 19, 2026, public announcement from OKXICE reveals ceremonial objections from respective salient U.S.-listed companies, complicating the associated venture’s ambitions to bring accepted equities onchain.

The filing identifies Microsoft (MSFT), Alphabet (GOOG/GOOGL), Goldman Sachs (GS), Qualcomm (QCOM), Caterpillar (CAT), McDonald’s (MCD) and Western Digital (WDC) among the objecting issuers.

The 16 companies that entity to the tokenized banal listing.

Other companies antecedently named see Broadcom, Verizon, Unitedhealth Group, Coreweave, Rocket Lab, Cerebras Systems, Applovin, Applied Digital and Applied Optoelectronics. The objections are noteworthy due to the fact that the task isn’t proposing synthetic bets connected banal prices. Its exemplary involves integer tokens backed by existent shares held done a registered broker-dealer, with corresponding dividend and voting rights.

Yet firm support isn’t automatic, adjacent erstwhile the underlying securities are genuine.

Cuomo Defends Wall Street’s Blockchain Experiment

The firm absorption adds an intriguing wrinkle to comments from erstwhile New York Gov. Andrew Cuomo, who serves connected OKX’s committee and co-chairs its task with Intercontinental Exchange (ICE), the genitor institution of the New York Stock Exchange.

During an Oct. 20 property conference attended by Bitcoin.com News, Cuomo defended the tokenization inaugural and characterized the Securities and Exchange Commission’s temporary regulatory framework arsenic an experimentation that allows companies to determine whether to participate.

“There’ll beryllium different companies that say: I privation to beryllium the archetypal successful the pool,” Cuomo told reporters, suggesting that immoderate issuers would clasp the exertion portion others preferred to observe. The erstwhile New York Governor besides questioned wherefore banal trading should stay confined to accepted marketplace hours successful an progressively connected planetary economy.

“This is simply a 24-seven world,” helium declared.

His enthusiasm, however, faces a applicable test. Companies whose shares underpin these integer instruments person their ain ideas astir wherever and however those securities should trade.

Tokenized Trading Faces a Corporate Reality Check

OKXICE intends to run astir the timepiece utilizing permissioned Uniswap v4 liquidity pools connected OKX’s X Layer blockchain. Approved participants would speech tokenized stocks against stablecoins specified arsenic USDC, USDT and USDG.

The platform’s impermanent SEC exemption includes an issuer objection mechanism, giving corporations a ceremonial avenue to situation third-party tokenization of their shares. Importantly, the updated filing doesn’t explicate the companies’ motivations oregon found that they reason blockchain-based securities generally.

Nevertheless, the objections exposure a cardinal hostility successful Wall Street’s tokenization experiment. Blockchain infrastructure tin widen trading beyond accepted marketplace hours, but technological capableness doesn’t destruct firm preferences oregon regulatory conditions.

For OKXICE, gathering the machinery for nonstop banal trading whitethorn beryllium easier than persuading immoderate of America’s astir recognizable companies to participate.