Intel, Oracle, IBM join growing list of firms objecting to OKX–ICE tokenized stock plans
The latest notice added four objections, bringing the total to 26 as the joint venture prepares to test the SEC’s new framework for blockchain-based stock trading.
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Summary
- IBM, Oracle, Intel and IonQ have objected to OKXICE offering blockchain-based versions of their shares, raising the total number of issuer objections to 26.
- The objections highlight issuer caution over the SEC’s five-year Innovation Exemption, which permits round-the-clock blockchain trading but gives companies 30 days to block their inclusion.
- The objections may reflect a wait-and-see approach, with issuers seeking more clarity on shareholder protections and the benefits of tokenized trading before participating, industry experts told CoinDesk previously.
