Broadcom · OKX · Cerebras · The Block
CoreWeave, Broadcom, Verizon among nine companies objecting to tokenized trading of their shares on OKXICE
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
★ Tier-1 Source
Nine U.S.-listed companies have objected to tokenized versions of their stock trading on OKXICE, the joint venture between crypto exchange OKX and NYSE parent Intercontinental Exchange, according to a public notice from the venue.
Key facts
- The value of tokenized stocks totaled about $3.5 billion as of Oct. 15, up from about $680 million at the start of the year, ’s data
- Eight of the nine objectors were among the 63 tickers OKXICE named on Oct. 4 as stocks it intended to offer
- OKXICE notified the SEC of its plans on Oct. 4, The Block previously reported
- The notice, dated Thursday, lists objections from Cerebras Systems (CBRS), AppLovin (APP), Applied Digital (APLD), Rocket Lab (RKLB), CoreWeave (CRWV), Verizon (VZ), Applied Optoelectronics (AAOI)
Summary
The notice, dated Thursday, lists objections from Cerebras Systems (CBRS), AppLovin (APP), Applied Digital (APLD), Rocket Lab (RKLB), CoreWeave (CRWV), Verizon (VZ), Applied Optoelectronics (AAOI), Broadcom (AVGO) and UnitedHealth Group (UNH). A spokeswoman for Applied Optoelectronics told the Wall Street Journal the fiber-optic maker objected because it was unsure how tokenization would affect its stock price, liquidity and volatility. Eight of the nine objectors were among the 63 tickers OKXICE named on Oct. 4 as stocks it intended to offer. OKXICE co-chair Andrew Cuomo, the former governor of New York who took the role when the venture formed in June, said in a recent interview with the Journal that he expects companies to be skeptical of tokenizing their stock.