Walmart, Eli Lilly, and other 5 companies oppose OKX–ICE the tokenized stock plan, bringing the number of opponents to 38 companies
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5 companies oppose OKX and ICE's tokenized stock plan, bringing the number of public opponents to 38 companies.
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Companies including Walmart and Eli Lilly 5 companies oppose OKX–ICE tokenized stock plan, with the number of opponents having risen to 38 companies
PANews October 29 reported, citing CoinDesk, that Walmart, Eli Lilly, Carnival, Arcos Dorados, and Cigna have explicitly opposed OKX and Intercontinental Exchange (ICE) tokenized stock trading plan. Of the initially proposed 62 companies, 38 have now publicly expressed opposition. Under a SEC-year exemption granted by the U.S. Securities and Exchange Commission (5), the relevant companies have 30 days to object to stock tokenization initiated by third parties (i.e., non-affiliates); if they remain silent during this period, they are deemed to permit such transactions, with no subsequent mechanism to withdraw that permission.
Walmart, Eli Lilly, Carnival, Arcos Dorados, and Cigna have explicitly opposed the plan.
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The number of companies initially proposed was 62; 38 have now publicly expressed opposition.
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The relevant companies may, within 30 days, object to stock tokenization initiated by third parties.
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If one remains silent during the objection period, this will be deemed to constitute permission for the relevant transactions, and the permission cannot subsequently be revoked.
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The message was reported by CoinDesk and published by PANews.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Tokenized stocks use stocks in token form for trading. Reports indicate that, among the companies proposed to be involved, 62 companies have already 38 publicly opposed OKX and ICE's related plans.
Why it matters to readers
The number of opposing companies and the 30-day objection period are important information for observing the plan's subsequent progress and scope of coverage.
This can help beginners understand that stock tokenization plans involve not only trading platforms, but also whether the relevant companies have raised objections.
Risks and unknowns
The evidence does not provide the original SEC 5-year exemption document.
The evidence does not provide the original statements from the above companies.
The evidence does not specify the exact launch timing or final coverage scope of OKX and ICE plans.
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