Update
Public Companies Object to Tokenized Stock Trading
Some of the world's largest companies, including Microsoft, Alphabet, Goldman Sachs, McDonald's, Wells Fargo, and Cisco, have objected to having their shares traded on the first tokenized securities trading venue under the SEC's innovation exemption. The venue, built by OKX and Intercontinental Exchange (ICE), owner of the New York Stock Exchange, has received 22 objecting issuers so far, including Microsoft, Alphabet, Goldman Sachs, McDonald's, Wells Fargo, Cisco, and four more firms. The SEC's framework allows public companies 30 days to object, giving them the opportunity to voice their concerns and potentially prevent trading from beginning.