Update
SEC Tokenized Stock Framework Faces Issuer Pushback
The SEC's new framework for trading tokenized stocks is encountering resistance from companies whose shares could trade. Broadcom (AVGO), Verizon (VZ), and UnitedHealth (UNH) among the latest issuers to object. Eight newly disclosed objections appeared in a public notice from OKXICE, the joint venture between crypto exchange OKX and New York Stock Exchange parent Intercontinental Exchange (ICE), preparing to offer tokenized stock trading. Nasdaq (NDAQ) has also opted out of having its own shares tokenized under the framework, citing concerns about real-time price display and tape reporting.