Intel, IBM, Oracle and IonQ latest to object to OKX-ICE tokenized stocks
More than 40% of the companies initially proposed to have their stocks listed in tokenized form have asked to opt-out.
As of Monday, 26 companies have lodged objections to the proposed tokenized stock exchange, OKX-ICE. Intel, IBM, Oracle and IonQ were the latest to raise concerns, joining Alphabet, Wells Fargo and Goldman Sachs among the dissenting parties. This follows the SEC's approval of temporary innovation exemptions for tokenized US stocks, enabling Tokenized Securities Venues (TSVs) to facilitate limited trading for tokenized National Market System (NMS) stocks.
Many companies seeking to opt-out currently maintain US listings on Nasdaq and the New York Stock Exchange. Nasdaq's September guidance for companies considering the innovation exemption advises caution, and the exchange invested $100 million in Kraken parent Payward in a bid to expand its tokenized asset offerings.
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