Nine Issuers Object to Trading Tokenized Versions of Their Shares on OKXICE

Nine companies have objected to trading tokenized versions of their shares on the proposed OKXICE venue, testing an issuer safeguard in the SEC’s temporary exemption framework. OKXICE LLC identified AppLovin Corporation (APP), Applied Digital Corporation (APLD), Applied Optoelectronics, Inc. (AAOI), Broadcom Inc. (AVGO), Cerebras Systems Inc. (CBRS), CoreWeave, Inc. (CRWV), Rocket Lab Corporation (RKLB), UnitedHealth Group Incorporated (UNH) and Verizon Communications Inc. (VZ) as objecting issuers on Oct. 15. Under the Securities and Exchange Commission’s Sept. 17 order, a venue must give an issuer written notice before offering third-party tokenized stock and wait at least 30 calendar days from the issuer’s receipt before trading. An objection within that period keeps the specific stock off the venue that sent notice. It does not bar tokenized shares on other platforms.

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