Major tech companies object to the proposed OKX-ICE tokenized stock venue
Image: DecryptIBM, Oracle, Intel, and IonQ joined the opposition against the OKX-ICE tokenized stock platform. This brings the total number of objecting issuers to 26 under a United States Securities and Exchange Commission exemption. The OKX-ICE platform is a joint venture between the New York Stock Exchange owner Intercontinental Exchange and OKX. The venue plans to allow round-the-clock trading of tokenized United States equities using permissioned liquidity pools.
Key points
- IBM, Oracle, Intel, and IonQ joined the opposition against the OKX-ICE tokenized stock platform.
- The total number of objecting issuers reached 26 under a United States Securities and Exchange Commission exemption.
- The OKX-ICE platform is a joint venture between Intercontinental Exchange and OKX.
- The venue plans to enable round-the-clock trading of tokenized equities using permissioned liquidity pools.
Why it matters
Issuer objections prevent the OKX-ICE platform from offering third-party tokenized shares for the affected companies under the current SEC exemption framework.
What's unclear
The public notices do not explain the specific reasons why the companies filed their objections.
Sources · 3 publishers
CoinDesk
Tier 1
Intel, Oracle, IBM join growing list of firms objecting to OKX–ICE tokenized stock plans
Decrypt
Tier 1
Intel, Oracle, IBM Join Objections to OKX-ICE Tokenized Stock Venue, Bringing Total to 26
Coverage timeline
- First reported by Crypto.news
- Also reported by CoinDesk
- CryptoVideos brief published
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