SEC tokenized stock framework faces issuer pushback as Broadcom, Verizon object to OKX-ICE listing
Eight more companies objected to trading on the planned OKX-ICE venue, while Nasdaq has separately said it would opt out under the SEC’s framework.
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Summary
- Broadcom, Verizon and UnitedHealth are among nine companies objecting to having their shares traded on OKXICE’s planned tokenized-stock platform.
- The venue would use the SEC’s five-year Innovation Exemption to offer around-the-clock trading of blockchain-based shares backed one-for-one by underlying stock.
- Issuer resistance and uncertainty over the temporary regulatory framework could limit available stocks and discourage institutional investment in tokenized trading infrastructure.
