OKXICE Stock Tokenization Faces Objections From Nine US Companies

OKXICE stock tokenization has hit a snag after nine American firms refused to have their stocks traded using OKXICE’s tokenized stock trading solution. As per the OKXICE annou n cement released on October 15, the nine firms are Cerebras, AppLovin, Applied Digital, Rocket Lab, CoreWeave, Verizon, Applied Optoelectronics, Broadcom, and UnitedHealth. Their stocks cannot be tokenized via OKXICE TSV. This indicates that there are many obstacles in the path of blockchain-based stock markets. This development introduces a new factor to the growing debate on tokenized securities. Despite blockchain technology facilitating transactions of stock-related products outside normal market trading hours, companies will still be against having tokenized securities of their own stocks being offered on third-party platforms.

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