Nasdaq has decided not to participate in the SEC’s new exemption framework for venues trading tokenized securities. The exchange wants to retain its issuer-centric model, which lets companies control how their shares are tokenized, and is warning about liquidity fragmentation and best-price display. Meanwhile, issuer objections to OKXICE listing their shares rose from nine on October 15 to 22 on October 23, 2026, out of 63 targeted stocks. Microsoft, Alphabet, Broadcom and Verizon are among the companies that have challenged the tokenizations. Each issuer has a 30-day window to object, with silence treated as consent, which will determine which shares can trade continuously on OKXICE.
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