Sixteen major Wall Street companies, including Amazon, Alphabet and Goldman Sachs, have officially filed objections against the tokenization of their shares on the OKXICE platform, out of the 62 companies initially targeted by this project. This joint venture project, announced in July by OKX and Intercontinental Exchange (ICE), the parent company of the NYSE, aims to build infrastructure for tokenized financial products under the SEC’s Innovation Exemption program. These oppositions do not prevent tokenization as such but block its implementation specifically on OKXICE, reportedly due to issuers’ lack of control over their tokenized assets and volatility risks. According to Brett Redfearn, president of Securitize, these companies are not rejecting tokenization in general but the specific OKXICE framework.
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