OKX-ICE Tokenization Plan Faces Objections From Dozens of Companies

Companies cited price effects, liquidity, and volatility, while others questioned custody and shareholder rights in tokenized stocks. A total of 62 publicly traded firms have objected to having their shares tokenized by OKX and ICE. The latest are aircraft maker Boeing, Amsterdam-based AI infrastructure provider Nebius, and ServiceNow, a major enterprise software company. Objections to Stock Tokenization Pile Up Recall that early last month, reports emerged that crypto trading platform OKX and the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, had sought approval from the SEC to start trading the tokenized shares of at least 63 companies listed on the NYSE. This was after the agency introduced a temporary innovation exemption in September that allowed some platforms to offer secondary trading of tokenized US stocks via liquidity pools and permissioned market makers. Some of the companies earmarked by the OKXICE venture included JPMorgan, Goldman Sachs, beverage maker Coca-Cola, and retail giant Walmart, and as of November 2, all of them, alongside 46 others, had filed objections against the plan. According to journalist Eleanor Terrett, some of ...