OKXICE Faces 9 Formal Objections to Tokenized Share Trading

Nine U.S.-listed companies, including Broadcom, Coreweave, Verizon, and Unitedhealth, have formally objected to tokenized versions of their shares trading on OKXICE, throwing an unexpected roadblock into the crypto exchange venture’s ambitious plans for round-the-clock stock trading. The objections appear in an Oct. 15 public notice from OKXICE, the joint venture between cryptocurrency exchange OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. The Wall Street Journal first reported on the news. The filing names nine companies that submitted formal notices of issuer objection. It’s an intriguing turn for a venture seeking to bring traditional Wall Street shares onto blockchain infrastructure. The companies aren’t necessarily opposing blockchain technology itself, but their formal objections put them at odds with this particular tokenized stock arrangement.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Bitcoin.com News.