INSTITUTIONAL | Intel, IBM, Oracle, Cisco, LonQ join Opposition to OKX-ICE Tokenised Stock Platform

Intel, IBM, Oracle, and IonQ have objected to plans by cryptocurrency exchange, OKX, and Intercontinental Exchange (ICE), to offer tokenized versions of their U.S.-listed shares, bringing the number of opposing companies to 26, according to an updated regulatory notice. The proposed OKXICE platform aims to enable trading of tokenized U.S. stocks around the clock on-chain. Under a U.S. Securities and Exchange Commission framework, companies can block third-party tokenized listings by objecting during a 30-day notification period. The latest objections add to resistance from companies including Microsoft , Alphabet, Intuit Goldman Sachs, and Wells Fargo among others.