Twenty-two companies have objected to the tokenization of their shares on the OKXICE platform, proposed by cryptocurrency exchange OKX and Intercontinental Exchange, the parent company of the New York Stock Exchange. Wells Fargo, Arm Holdings and Intuit joined Microsoft and Alphabet in filing objections during the past week. Sixteen of the companies were listed on Nasdaq and six on the New York Stock Exchange, which issued warnings in September about the risks associated with the Securities and Exchange Commission’s innovation exemption. OKXICE co-chair Andrew Cuomo expects more objections, while the platform had initially proposed listing tokenized shares from 62 companies.
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