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Intel, Oracle and IBM join objections to OKX-ICE tokenised stock venue

The number of issuers objecting to their shares trading on the planned OKXICE TSV platform has risen to 26, up from nine on 15 Oct, according to the venue's notice dated 26 Oct.

Why it matters: The objections show widening resistance from major US issuers to tokenised equities, while the notice flags unresolved investor-protection questions over self-custodied shares.

InvestIn.News NewsDesk · 1 min read
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Picture from Decrypt for: Intel, Oracle and IBM join objections to OKX-ICE tokenised stock venue
Image: Decrypt
Original reporting: Decrypt Staff, Decrypt

Key points

  • Intel, Oracle, IBM and IonQ are the latest to object, taking the total to 26 from 22 on 23 Oct and nine on 15 Oct.
  • The venue is a 50-50 joint venture between Intercontinental Exchange, which owns the NYSE, and OKX's US holding company.
  • The notice says it is uncertain whether tokenised shares in self-custodied wallets would be covered by SIPC if the tokeniser's broker-dealer failed.

Intel, Oracle, IBM and quantum computing firm IonQ have joined the objections to OKX-ICE tokenised stock trading, according to an updated notice from the OKXICE TSV venue dated 26 Oct. The platform is a 50-50 joint venture between Intercontinental Exchange, the owner of the NYSE, and OKX's US holding company.

The list of objecting issuers has grown quickly. It stood at nine on 15 Oct, 16 on 19 Oct and 22 on 23 Oct, when Wells Fargo, Cisco and Marvell were added, and now totals 26. Technology firms dominate the roster, with Microsoft, Alphabet, Broadcom, Qualcomm, Arm and Cisco among them, alongside banks Goldman Sachs and Wells Fargo.

Read the full story on Decrypt

Live updates on NewsFeeds:MacroDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Decrypt’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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