Goldman Sachs · Microsoft · Tokenization · Qualcomm · Google · Decrypt
Microsoft, Alphabet, Goldman Sachs Join Growing List of Companies Objecting to Tokenized Stocks
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
★ Tier-1 Source
The corporate backlash against tokenized stocks is snowballing.
Key facts
- The venue plans to run 24/7 on Uniswap v4 liquidity pools on OKX’s XLayer blockchain, with trades settled in stablecoins such as USDC and USDT
- OKX and ICE first joined forces on tokenized securities earlier this year before unveiling the 24/7 venue this month
- OKXICE TSV is a planned tokenized stock venue from OKX and NYSE owner Intercontinental Exchange
- The Oct. 15 version said the venue would offer stocks tokenized by third parties unaffiliated with the companies
Summary
Microsoft, Alphabet, Goldman Sachs, Qualcomm, Caterpillar, McDonald’s and Western Digital have objected to trading of their shares on OKXICE TSV, according to its Oct. 19 notice. That brings the total to 16 issuers, up from nine in the venue’s Oct. 15 notice, though neither notice explains their reasons. The updated notice also says the venue may offer stocks tokenized by the issuers themselves, not by third parties. Seven more companies, including Microsoft, Google parent Alphabet, and Goldman Sachs, have objected to having their shares traded on OKXICE TSV, according to an updated public notice dated Monday. OKXICE TSV is a planned tokenized stock venue from OKX and NYSE owner Intercontinental Exchange.