Nine major US-listed companies including Broadcom, CoreWeave, and Verizon have objected to tokenized stock trading on OKXICE over market transparency concerns.
Regulation & Gov ·
Nine US-listed companies, including Broadcom, CoreWeave, and Verizon, have filed objections to tokenized stock trading on OKXICE, citing market transparency as a key concern. The move reflects regulatory pushback against the exchange's offering of blockchain-based equity tokens tied to publicly listed firms.
Tokenized stocks allow ownership claims to be recorded and traded on distributed ledgers rather than through traditional settlement systems. OKXICE, an OKX subsidiary, had begun listing these instruments, but the formal opposition from major corporations suggests friction over how such trading affects price discovery, order visibility, and compliance with existing market rules.
The objections do not yet indicate whether regulators will intervene or what remedies the companies are seeking. It remains unclear whether the exchange will modify its approach, suspend the offering, or defend the model in a public proceeding. The outcome may set precedent for how US equities tokenization is treated under current securities and exchange frameworks.