IBM, Oracle, Intel join OKX-ICE tokenized stock objections as total hits 26

IBM, Oracle, Intel and quantum computing company IonQ have reportedly joined the growing opposition to OKX and Intercontinental Exchange’s proposed tokenized stock platform, bringing the number of objecting issuers to 26 under the U.S. Securities and Exchange Commission’s innovation exemption. Summary IBM, Oracle, Intel and IonQ reportedly joined the OKXICE tokenized stock objections. The reported total has climbed from 22 to 26 issuers. SEC rules give companies 30 calendar days to object to unaffiliated tokenization. Industry groups are urging regulators to replace the opt-out process with affirmative issuer consent. According to an October 27 update from journalist Eleanor Terrett, the four technology companies have objected to having their shares tokenized through the OKXICE venture. The latest additions follow an October 23 disclosure identifying 22 objecting issuers, including Microsoft, Alphabet, Goldman Sachs and Wells Fargo. The objections prevent the venture from offering the affected companies’ third-party tokenized shares under the exemption, provided they were submitted within the required period. They do not constitute a general ban on tokenization or prevent an issuer...