{
  "id": 15930107,
  "title": "Microsoft and Alphabet opt out of tokenized stocks in latest blow to ambitious plan from OKK and NYSE parent firm",
  "url": "https://urgent.news/2026/10/21/microsoft-and-alphabet-opt-out-of-tokenized-stocks-in-latest-blow-to",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T17:08:21.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/10/21/microsoft-alphabet-object-blockchain-versions-shares-veto/"
  },
  "original_language": "en",
  "account": "Microsoft and Alphabet, alongside 14 other prominent companies, have formally objected to the tokenized stock trading proposed by OKXICE, a platform co-chaired by former New York Governor Andrew Cuomo. The tech giants joined a list of companies that include Goldman Sachs, Caterpillar, McDonald’s, Qualcomm, and Western Digital in their objections. Cuomo maintains that the pushback is a natural reaction to a major market shift, but the objections raise concerns for the companies involved. The tokenized stock platform, launched by OKX and ICE, aims to offer round-the-clock trading in blockchain-based versions of 63 U.S.-listed stocks. Companies objecting to the plan express uncertainty about the potential effects on stock pricing, liquidity, and volatility. While the SEC exemption allows trading platforms to offer tokenized versions of a company's shares without their permission, it does not stop other firms from offering tokenized versions overseas or through other legal arrangements.",
  "summary": "Sixteen companies have opposed plans to trade tokenized versions of their shares on Cuomo-backed platform OKXICE.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}