Walmart and Eli Lilly reject OKXICE tokenized stock plans as objections reach 38

More than half of the companies on OKXICE's original listing roster have objected, while a rival tokenized stock venue on Canton prepares to begin trading. Walmart and Eli Lilly have joined a growing group of companies opposing tokenized stock trading on OKXICE, bringing total disclosed objections to 38 as the venture between crypto exchange OKX and New York Stock Exchange parent Intercontinental Exchange faces resistance from more than half its initial roster. The companies appeared alongside Carnival, Arcos Dorados and Cigna in an updated public notice dated October 28. Of the 38 companies that have objected, 33 were included in the venue’s original list of 62 proposed stocks, representing approximately 53% of that roster, according to a CoinDesk tally. The latest objections follow similar moves by JPMorgan Chase, Microsoft, Alphabet, Goldman Sachs, Coca-Cola and Dell Technologies, highlighting growing caution among major corporations over third-party tokenization of their shares. OKXICE plans to offer round-the-clock trading of tokenized US stocks using automated market maker liquidity pools and stablecoin settlement. The venture operates under the Securities and Exchange Commis...