Oracle · Intel · OKX · SEC · CoinDesk
All four newly disclosed objectors were among the 62 companies in OKXICE’s original proposed roster
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That brings objections from the original selection to 23, or about 37%, according to a CoinDesk tally.
Key facts
- IBM, Oracle, Intel and IonQ have opted out of plans by crypto exchange OKX and NYSE parent Intercontinental Exchange (ICE) to offer blockchain-based trading of their shares, bringing the total number
- That brings objections from the original selection to 23, or about 37%, according to a CoinDesk tally
- The four companies were named in an updated public notice dated Monday, Oct. 26, from OKXICE, the two firms’ joint venture
- All four newly disclosed objectors were among the 62 companies in OKXICE’s original proposed roster
Summary
IBM, Oracle, Intel and IonQ have objected to OKXICE offering blockchain-based versions of their shares, raising the total number of issuer objections to 26. The objections highlight issuer caution over the SEC’s five-year Innovation Exemption, which permits round-the-clock blockchain trading but gives companies 30 days to block their inclusion. The objections may reflect a wait-and-see approach, with issuers seeking more clarity on shareholder protections and the benefits of tokenized trading before participating, industry experts told CoinDesk previously. IBM, Oracle, Intel and IonQ have opted out of plans by crypto exchange OKX and NYSE parent Intercontinental Exchange (ICE) to offer blockchain-based trading of their shares, bringing the total number of issuer objections to 26. The four companies were named in an updated public notice dated Monday, Oct. 26, from OKXICE, the two firms’ joint venture.