Nine companies, including Verizon, Broadcom, UnitedHealth, Cerebras, AppLovin, Applied Digital, Rocket Lab, CoreWeave and Applied Optoelectronics, have objected to their shares trading on OKXICE, the tokenized stock venue launched by OKX and ICE (owner of the New York Stock Exchange). This represents 14% of the 63 companies the platform planned to list. OKXICE is not registered with the SEC and is not subject to Regulation NMS, which guarantees investors the best displayed price, leading Nasdaq to voluntarily opt its own shares out as well. This situation raises questions about the future of tokenized stocks, as issuer consent has emerged as an unexpected hurdle for this developing market.
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