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Broadcom, Verizon and others object to OKX-ICE tokenized stock listing under SEC framework
The SEC's new framework for trading tokenized stocks is encountering resistance from issuers, with Broadcom, Verizon and UnitedHealth among eight companies that filed objections in an October 15 notice from OKXICE, the joint venture of crypto exchange OKX and ICE. The notice lists nine objecting issuers in total, including Cerebras Systems, which previously opted out. Nasdaq has also said it will opt out of having its shares tokenized. OKXICE announced on October 5 that it plans to launch a venue for 63 U.S.-listed companies, operating under the SEC's Innovation Exemption and using Uniswap v4 liquidity pools on its XLayer blockchain.