Wells Fargo, Cisco Systems, Marvell Technology, Arm Holdings, Moderna and Intuit are among six new issuers opposing the trading of their shares on the OKXICE TSV platform. The total number of objecting companies has reached 22, up from nine on October 15, but the notices do not explain their reasons or the legal effect of their objections. The joint venture between Intercontinental Exchange and OKX plans to allow approved users to trade tokenized U.S. stocks 24/7 through Uniswap v4 liquidity pools backed by stablecoins. The platform would have no circuit breakers beyond trading halts or protections against transaction reordering, and its smart contracts could be upgraded without advance notice.
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