Oracle, IBM and Intel Have Opted Out of OKX-ICE Stock Tokens, Venue’s Own Notice Shows
By Unchained
AI summary of the source article
A revised notice reveals that 26 companies, including IBM, Oracle, and Intel, have objected to tokenized versions of their shares trading on the OKX-ICE venue. Under SEC rules, an issuer's written objection prevents third-party stock tokens from trading.
Why it matters
The venue notes that unsettled broker-dealer duties like FINRA trade reporting and best execution "could lead broker-dealers to limit or skip trading there."
Key facts
- A total of 26 companies, including IBM, Oracle, Intel, Microsoft, and Alphabet, have opted out of having their shares tokenized on the OKX-ICE venue.
- OKXICE LLC is a Texas-based joint venture owned 50% by Intercontinental Exchange and 50% by OKC USA Holding.
- Trading is designed to run through permissioned Uniswap v4 pools on XLayer accessible only to wallets holding an OKXICE-issued soulbound token.
Source excerpt · Unchained
The venue's Oct. 26 notice also restates its risk warnings: its access-token contract had no external audit, upgrades skip a timelock and SIPC coverage for self-custodied tokens is uncertain. The post Oracle, IBM and Intel Have Opted Out of OKX-ICE Stock Tokens, Venue’s Own Notice Shows appeared first on Unchained .