Wells Fargo, Arm and Intuit Join Objections to OKXICE…
By Abdelaziz Fathi
AI summary of the source article
Six more companies, including Wells Fargo, Arm Holdings, and Intuit, have objected to having their shares tokenized on OKXICE, bringing the total opposing issuers to 22. OKXICE is a joint venture between OKX and Intercontinental Exchange.
Why it matters
The text states: "The growing objection list shows that regulatory permission to tokenize stocks does not guarantee access to the underlying issuers. Company participation is becoming a separate constraint on venue scale."
Key facts
- A total of 22 companies have objected to OKXICE's proposed third-party tokenization of their shares.
- OKXICE, a joint venture between OKX and Intercontinental Exchange, originally identified 63 stock symbols across 62 companies for potential trading.
- Under the SEC's Innovation Exemption, an issuer objection prevents a third-party tokenized stock from being made available through the venue.
Source excerpt · FinanceFeeds
Six more companies, including Wells Fargo, Arm Holdings and Intuit, have objected to having their shares tokenized on OKXICE, bringing the number of issuers opposing the proposed blockchain-based stock venue to 22. The latest objections deepen an early problem for the joint venture between cryptocurrency exchange OKX and Intercontinental Exchange, the parent company of the New York Stock Exchange.…