Objections to ICE and OKX’s Tokenized Stock Venue Climb to Nine as Broadcom, Verizon Opt Out
By Unchained
AI summary of the source article
Nine companies, including Broadcom and Verizon, have moved to block tokenized versions of their stock on OKXICE. Under SEC rules governing the ICE and OKX joint venture, a written issuer objection prohibits the venue from offering the tokenized shares.
Key facts
- Nine publicly traded companies, including Broadcom, Verizon, and CoreWeave, have opted out of tokenized trading on OKXICE.
- Under a five-year SEC exemptive order, written objections from issuers bar OKXICE from making their tokenized shares available for trading.
- OKXICE plans to trade stocks via permissioned Uniswap v4 pools on X Layer, denominated against USDC, USDG, or USDT.
Source excerpt · Unchained
The ICE and OKX joint venture's Oct. 15 notice to the public shows the roster of companies refusing tokenized trading on its pools is rising quickly. The post Objections to ICE and OKX’s Tokenized Stock Venue Climb to Nine as Broadcom, Verizon Opt Out appeared first on Unchained .