OKXICE Faces 67 Issuer Objections as TSV Completes Tokenized Stock Trades

TSV LLC has completed issuer-backed trades in tokenized U.S. shares as 67 companies object to OKXICE’s separate proposal, putting issuer consent at the center of early trading under the SEC’s conditional framework. TSV’s first trades involved Canton Strategic Holdings (CNTN) shares on the Canton Network. Fairmint, an SEC-registered transfer agent, recorded the shares in token form and maintained the ownership record. Existing shareholder Five North sold the shares to DRW Cumberland, while Flowdesk supplied liquidity through a permissioned pool on Tradecraft. Canton Strategic Holdings backed the tokenization of its shares, with its transfer agent maintaining the ownership record. OKXICE, by contrast, is pursuing a plan in which a party unaffiliated with the issuer tokenizes the shares. OKXICE is a joint venture of OKX and Intercontinental Exchange.

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