Oracle · Intel · OKX · New York · Cointelegraph
Intel, IBM, Oracle and IonQ latest to object to OKX-ICE tokenized stocks
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More than 40% of the companies initially proposed to have their stocks listed in tokenized form have asked to opt-out.
Key facts
- OKXICE proposed 62 companies listing tokenized stocks when it filed with the SEC under the exemption, meaning about 41% of the entities have chosen not to participate as of Monday
- The exchange invested $100 million in Kraken parent Payward in September as part of its own push into tokenized assets
- The proposed offering came a few weeks after the US Securities and Exchange Commission (SEC) approved temporary innovation exemptions for tokenized US stocks
- Four companies have joined the list of those filing objections to listings on a tokenized stock exchange proposed by cryptocurrency exchange OKX and the parent company of the New York Stock Exchange
Summary
Four companies have joined the list of those filing objections to listings on a tokenized stock exchange proposed by cryptocurrency exchange OKX and the parent company of the New York Stock Exchange, Intercontinental Exchange (ICE). In a Monday update to its proposed OKXICE exchange, the crypto company reported that Intel, IBM, Oracle and IonQ were the most recent companies to object to having their US stocks listed in tokenized form. The proposed offering came a few weeks after the US Securities and Exchange Commission (SEC) approved temporary innovation exemptions for tokenized US stocks. Many of the companies to opt out of the OKXICE plans currently have US listings on Nasdaq and the New York Stock Exchange.