Nine companies object to tokenized shares. Wall Street’s onchain rollout hits a limit

Nine issuers have objected to a proposed tokenized stock venue run by OKXICE. Their decisions expose a narrow but consequential power in the SEC’s new trading framework: a company can stop one unaffiliated venue from carrying its shares, while other forms of tokenization continue. Summary OKXICE’s October 15 notice lists 9 issuers that objected to its proposed tokenized securities venue. The SEC gives an issuer 30 calendar days after receiving notice to object to unaffiliated tokenization on that venue. OKXICE plans permissioned trading in Uniswap v4 pools on X Layer, pairing eligible stock tokens with 3 stablecoins. The September 17 SEC order requires the token holder’s economic and voting rights to match the underlying share. An October 4 notice named 63 prospective stocks; the later notice no longer supplies that roster as a launch list. Broadcom, Verizon, CoreWeave and six other companies have told OKXICE that they object to tokenized trading of their shares on its proposed U.S. platform. The October 15 public notice records the objections as the joint venture prepares a market for securities represented on a blockchain. The notice gives no launch date and does not present the ...