Wells Fargo and five others object to OKX-ICE tokenized stock listings: Report
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As of Friday, 22 companies had filed objections as part of the joint venture’s proposed tokenized stock platform under the SEC’s innovation exemption.
Key facts
- According to a Friday the proposed stock platform, called OKXICE, had 22 companies total objecting to having their US stock listings tokenized
- As of Friday, 22 companies had filed objections as part of the joint venture’s proposed tokenized stock platform under the SEC’s innovation exemption
- Notably, 16 of the companies were listed on Nasdaq, while only six of the stocks were available on the NYSE
- Six more companies have reportedly filed objections to having their stocks listed in tokenized form on the proposed platform as part of a joint venture between cryptocurrency exchange OKX and the New
Summary
Six more companies have reportedly filed objections to having their stocks listed in tokenized form on the proposed platform as part of a joint venture between cryptocurrency exchange OKX and the New York Stock Exchange’s parent company, the Intercontinental Exchange (ICE). According to a Friday the proposed stock platform, called OKXICE, had 22 companies total objecting to having their US stock listings tokenized. Notably, 16 of the companies were listed on Nasdaq, while only six of the stocks were available on the NYSE. Speaking to Cointelegraph on Tuesday, OKXICE co-chair and former New York Governor Andrew Cuomo said that company expected there to be more objections in an effort to avoid being the first ones testing the stock model.