Microsoft, Marvell and Alphabet Object to OKX-ICE Tokenized Stock Listings on Crypto Platform

TLDR Twenty-two public companies have objected to having tokenized versions of their shares traded on the OKXICE venue. Wells Fargo, Cisco, Arm, Moderna, Intuit and Marvell were added on Friday. The venue runs under the SEC’s five-year Innovation Exemption and gives issuers 30 days to object. Nasdaq plans to object over market structure concerns, while Securitize and BitGo will not. OKXICE co-chair Andrew Cuomo called the framework a sandbox and said the objections were expected. Twenty-two companies have now objected to having their shares traded in tokenized form on a new venue built by crypto exchange OKX and Intercontinental Exchange. The count rose after six more firms were named on Friday. 🚨BREAKING: Wall Street is fighting against tokenized stocks as 22 companies oppose OKX’s plan to bring their shares onchain.

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