Nine Companies Object to OKXICE Tokenized Stock Plan

OKXICE, the 50-50 venture between OKX and Intercontinental Exchange, disclosed on October 15 that nine issuers have formally objected to the tokenization of their shares. The Wall Street Journal broke the story.

The platform intended to offer 24/7 trading of tokenized U.S. equities on permissioned Uniswap v4 pools running on OKX’s X Layer chain, with actual shares held by a third-party broker and tokens carrying dividend and voting rights.

Under the SEC’s temporary exemption, issuers can block their securities from entering such pools. The nine objections create a concrete barrier rather than a symbolic one.

The filing gives no reasons for the pushback, leaving the project facing an immediate hurdle before launch.

Based on information from cryptonews.net