Nine companies object to tokenized shares. Wall Street’s onchain rollout hits a limit

Nine issuers have objected to a proposed tokenized stock venue run by OKXICE. Their decisions expose a narrow but consequential power in the SEC’s new trading framework: a company can stop one unaffiliated venue from carrying its shares, while other forms of tokenization continue. Broadcom, Verizon, CoreWeave and six other companies have told OKXICE that they object to tokenized trading of their shares on its proposed U.S. platform. The October 15 public notice records the objections as the joint venture prepares a market for securities represented on a blockchain. The notice gives no launch date and does not present the companies’ individual reasons. A formal objection under the Securities and Exchange Commission’s temporary exemption blocks that venue from offering the affected third-party tokens.

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