Crypto journalist Eleanor Terrett says 50 issuers now object to OKX and Intercontinental Exchange tokenising their shares through ICE's TSV platform, with Nike, Costco, Micron, Reddit and Nvidia joining. The project had planned to tokenise stock in 62 companies.
50 issuers oppose ICE tokenised-stock plan, including Nike and Nvidia
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The story so far: OKX-ICE tokenized stock exchange filing
OKXICE, OKX's joint venture with ICE, filed with the SEC to pursue a tokenized securities exchange covering tokenized shares of NYSE-listed companies. Objections from US-listed companies have grown, with Nasdaq advising firms against participating; 50 issuers including Nike, Costco, Micron, Reddit and Nvidia now…
OKX-ICE joint venture OKXICE files notice with SEC for tokenised securities exchange
OKX said OKXICE, its joint venture with NYSE parent Intercontinental Exchange, submitted a notice to the US SEC to pursue a tokenised securities exchange under the regulator's new innovation exemption rule. The notice includes more than 60 companies listed on US stock…
OKX seeks SEC approval for tokenised US stock platform with 63 NYSE names
OKX has filed with the SEC to launch a tokenised stock trading platform via OKX ICE LLC, its joint venture with NYSE parent ICE. It plans to offer tokenised shares of 63 NYSE-listed companies, with issuers given 30 days to opt out.
OKX founder says tokenised stock DEX contract planned for X Layer
OKX founder and CEO Star said on X that OKXICE, a joint venture between OKX and ICE, plans to deploy its tokenised stock trading platform DEX contract on X Layer.
Uniswap founder says OKX tokenised securities project to use v4 hooks
Uniswap founder Hayden Adams said on X that the tokenised securities project from ICE Markets and OKX will launch using Uniswap v4 hooks, which he called a suitable market structure that will bring new assets and users to the protocol.
OKX director says tokenised securities exchange may launch in about 30 days
OKX director Andrew Cuomo said at the OKX NOW conference in Singapore that a tokenised securities exchange to be run with ICE, parent of the New York Stock Exchange, is expected to launch in about 30 days. He said documents have been filed with the US SEC for the venture…
CoreWeave and Broadcom oppose OKXICE tokenised share listing
CoreWeave and Broadcom have objected to an application by OKXICE, a joint venture of OKX and Intercontinental Exchange, to list tokenised versions of their shares on a blockchain. More listed companies are opposing tokenisation of their stock, The Information reported.
Nine tech firms object to stock token listings on OKX-ICE platform
Broadcom, Verizon, UnitedHealth, CoreWeave and five other listed companies have formally objected to stock token listings on OKXICE, the OKX and Intercontinental Exchange joint platform. Under the SEC's 17 Sept innovation exemption, issuers get 30 days to object before third-party platforms tokenise their shares.
16 US companies object to tokenised shares on OKX and ICE platform
Sixteen US-listed companies, including Microsoft, Alphabet, Goldman Sachs, Qualcomm, McDonald's and Western Digital, have objected to their shares trading on OKXICE TSV, the tokenised-stock platform jointly owned by OKX and ICE, up from nine on 15 Oct.
Cuomo calls company objections to tokenised stock trading a natural reaction
Andrew Cuomo, co-chair of the OKX-ICE venture, said companies objecting to tokenised trading of their stocks is a "very natural reaction", as firms can opt in or out. Sixteen companies, including Microsoft, Alphabet and Goldman Sachs, raised objections in a Monday announcement.
SEC says three firms plan tokenised securities venues under innovation exemption
The SEC says three companies have notified it of plans to run tokenised securities trading venues under a new innovation exemption: TSV LLC on Canton Network, OKXICE on OKX's X Layer and Kephas Corp. on Kronos X Public. The SEC says inclusion on the list does not mean the firms meet the exemption's conditions.
OKXICE says nine US firms object to tokenised shares under SEC exemption
OKXICE, OKX and ICE's tokenised-stock venture, said Verizon, Broadcom, UnitedHealth and six other listed firms objected under new SEC rules, so their shares cannot trade on its platform. Nasdaq also said it will not let its shares be tokenised under the framework.
Twenty-two companies object to tokenised shares on OKX and ICE's OKXICE platform
Twenty-two companies have filed objections to their US shares being listed in tokenised form on OKXICE, the tokenised equities platform run by OKX and Intercontinental Exchange, Reuters reported. The latest objectors include Wells Fargo, Arm Holdings and Intuit, after Microsoft and Alphabet joined the previous week; 16 of the 22 are listed on Nasdaq and six on the NYSE.
Center for Common Sense Leadership Fund warns of stock token risks in WSJ ads
The Center for Common Sense Leadership Fund ran full-page Wall Street Journal advertisements for a second day warning that stock tokens sit in a regulatory blind spot and could cause price dislocations, ownership disputes, hacking and market manipulation. Twenty-two companies including Microsoft, Goldman Sachs, McDonald's and Alphabet have also opposed the issue.
IBM, Oracle, Intel and IonQ join opposition to OKX and ICE stock tokenisation
IBM, Oracle, Intel and IonQ have objected to OKX and ICE Markets tokenising their shares under the SEC's innovation exemption, bringing the number of dissenting issuers to 26.
OKXICE TSV files with SEC for tokenised securities venue exemption
OKXICE TSV submitted a written notice to the SEC on 4 Oct to operate under its temporary exemption for tokenised securities trading venues. The list also names TSV LLC and Kephas Corporation; the SEC says listing does not mean an entity meets the conditions or has approval.
JPMorgan among seven firms opposing OKXICE stock tokenisation, total reaches 33
JPMorgan, AMD, Applied Materials, Coca-Cola, Adobe, Dell and SanDisk have opposed OKXICE tokenising their shares, taking the number of objecting companies to 33, Eleanor Terrett reports.
Solana's Anatoly Yakovenko says firms opposing tokenised shares should go private
Solana co-founder Anatoly Yakovenko said US-listed companies that oppose tokenised trading of their shares should go private. More than 30 firms, including Goldman Sachs and Microsoft, have opposed onchain trading of their own shares.
38 companies oppose stock tokenisation listings on OKXICE
The number of companies opposing stock tokenisation listings on OKXICE, the OKX and ICE joint platform, has risen to 38 from 33. Eli Lilly, Carnival, Arcos Dorados, Walmart and Cigna joined the list in a 28 Oct notice.
Nasdaq says listed firms should oppose tokenised trading on OKXICE, journalist says
Journalist Eleanor Terrett says Nasdaq representatives have been advising listed companies against letting their shares trade through tokenisation on OKXICE, the OKX and Intercontinental Exchange venture. She says 38 companies have objected, 23 of them Nasdaq-listed.
Nasdaq declines comment on claims it discouraged tokenised shares via OKXICE
Nasdaq declined to comment on claims that its representatives discouraged listed companies from tokenising shares through OKXICE's TSV scheme, a spokesperson said. Nasdaq said it will not take part in venues operating under the SEC innovation exemption and will pursue its issuer-centred equity token model.
50 issuers oppose ICE tokenised-stock plan, including Nike and Nvidia
Crypto journalist Eleanor Terrett says 50 issuers now object to OKX and Intercontinental Exchange tokenising their shares through ICE's TSV platform, with Nike, Costco, Micron, Reddit and Nvidia joining. The project had planned to tokenise stock in 62 companies.
OKXICE objections grow to 50 as Nvidia and Walmart join
OKXICE TSV, the tokenised securities platform run by OKX and Intercontinental Exchange, said 50 issuers have now objected to tokenised trading of their shares, up from 33 on 27 Oct, with Nvidia and Walmart among the new ones.
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