Nine Issuers Object to OKXICE Tokenized-Stock Listing Plan
Broadcom, Verizon and UnitedHealth are among companies resisting listings under the SEC’s temporary framework for tokenized U.S. stocks.
Key takeaways
- Eight new objections were disclosed in an OKXICE notice, bringing the named issuers to nine.
- Nasdaq separately said it would opt out of tokenizing its own shares.
Broadcom, Verizon and UnitedHealth are among nine companies objecting to having their shares listed on OKXICE’s planned tokenized-stock platform. An October 15 notice disclosed eight new objections; Cerebras Systems had opted out earlier.
OKXICE plans to offer around-the-clock trading of blockchain-based shares backed one-for-one by underlying stock. The venue would use the SEC’s five-year Innovation Exemption, which was issued on September 17.
Nasdaq has separately said it would opt out of tokenizing its own shares. The exchange said it did not want its stock traded on a venue that fails to display best prices in real time or report to the consolidated tape.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
