Nine US-listed companies object to tokenized stock trading on OKX's ICE platform over market transparency concerns.
Regulation & Gov ·
Nine companies, including CoreWeave, Broadcom, and Verizon, have filed objections to the tokenization of their equity on OKXICE under the SEC's recently introduced regulatory framework. Applied Optoelectronics cited concerns around price discovery, liquidity management, and potential volatility, while Nasdaq announced it would decline participation in the tokenized share program altogether.
The objections reflect tension between traditional equity issuers and blockchain-based trading venues over how secondary markets for tokenized securities should operate. The SEC's new framework permits the trading of tokenized stocks on alternative venues, but the collective pushback from major corporations signals doubt about whether distributed ledgers can provide the price transparency and stability that conventional markets deliver.
It remains unclear whether additional issuers plan to object, how the SEC will weigh these concerns, or whether OKXICE will proceed with tokenized trading of the disputed securities under a modified operational structure.