Update
Wells Fargo, Arm and Intuit Join OKXICE in Rejecting Tokenized Shares
Six more companies, including Wells Fargo, Arm Holdings, and Intuit, have objected to having their shares tokenized on OKXICE, a planned trading platform backed by crypto exchange OKX and Intercontinental Exchange (ICE). The total number of companies opposing the tokenization of shares has now reached 22. The regulatory document does not specify the reasons for the objections. Other companies, such as Microsoft, Alphabet, Goldman Sachs, Qualcomm, Caterpillar, McDonald's, and Western Digital, had previously opposed the tokenization of their shares on the proposed venue. OKX and ICE filed with the US Securities and Exchange Commission on October 5 to launch the platform under the regulator's new five-year innovation exemption.