Walmart, Eli Lilly Among Latest Objectors to OKXICE Tokenized Stocks Platform

Walmart and pharmaceutical giant Eli Lilly are among five additional companies opposing the tokenization of their shares on OKXICE, pushing the number of corporate objectors to 38 as resistance to the blockchain-based stock trading initiative continues to grow. The latest objections were disclosed in an updated public notice dated Oct. 28 from OKXICE, a joint venture between cryptocurrency exchange OKX and Intercontinental Exchange (ICE), which owns the New York Stock Exchange. Alongside Walmart and Eli Lilly, the newest companies to object are health insurance giant Cigna, cruise operator Carnival Corporation, and Arcos Dorados, the largest independent McDonald’s franchisee in the world. Eli Lilly, one of the world’s most valuable pharmaceutical companies and a leader in the booming weight-loss drug market, represents a particularly significant addition to the list.

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