Microsoft, Alphabet, and Goldman Sachs file objections against OKX-ICE's tokenized stock trading platform.
Regulation & Gov ·
Microsoft, Alphabet, and Goldman Sachs have filed objections to OKXICE's planned platform for trading tokenized shares, according to a notice dated October 19. Seven companies in total submitted new objections, expanding the disclosed roster to 16 issuers opposing the venue. Qualcomm, Caterpillar, McDonald's, and Western Digital also joined the list of objectors.
OKXICE operates as a joint venture seeking to trade blockchain-based versions of U.S. stocks under the SEC's Innovation Exemption framework, announced on October 5. The platform originally proposed listing 63 tickers across 62 companies and intends to settle trades continuously using stablecoins, with tokens maintaining equivalent dividend and voting rights. The SEC's framework grants issuers the right to block venues from offering tokenized versions of their shares—a provision now being exercised by a growing subset of major corporations.
Of the 62 companies in the original proposed roster, 15 have now objected, leaving 47 without a disclosed opposition. Earlier objectors included Broadcom, Verizon, UnitedHealth, CoreWeave, AppLovin, Applied Digital, Rocket Lab, and Applied Optoelectronics. The notice does not disclose the reasoning behind each objection or submission timeline.