Microsoft, Oracle, and other companies oppose OKX-ICE the trading of tokenized versions of their shares
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AT A GLANCE
Microsoft, Alphabet, and other 7 companies oppose trading their tokenized shares on the OKX-ICE proposed platform, bringing the number of companies with publicly disclosed objections to 16.
Article
Microsoft, Google parent company, and other 7 companies oppose trading their tokenized shares on the OKX-ICE platform
BlockBeats news:October 20, Microsoft, Google parent company Alphabet, Goldman Sachs, Qualcomm, Caterpillar, McDonald's, and Western Digital have opposed trading their tokenized shares on the OKX and the Intercontinental Exchange (ICE)-planned trading platform.
According to the joint venture's October 19 updated public statement, an additional 7 companies have objected, bringing the total number of companies that have publicly disclosed objections from 9 last week to 16. Companies that had previously objected also include Broadcom, Verizon, UnitedHealth, CoreWeave, AppLovin, Applied Digital,Rocket Lab and Applied Optoelectronics. The relevant documents do not specify the reasons for these companies' objections.OKX-ICE announced the relevant plan on October 5, proposing to conduct tokenized U.S. equity trading under the U.S. Securities and Exchange Commission (SEC)'s 5-year “innovation exemption” framework, matching trades through automated market makers and liquidity pools and allowing stock issuers to object. The platform's initial proposed trading list covered 62 companies and 63 stock tickers, with Alphabet including classes of shares. Currently, 15 companies on the list have objected, while Cerebras Systems, another company that objected, was not on the initial list. The growing opposition from issuers is becoming an obstacle to this tokenized stock trading plan.
Original link https://m.theblockbeats.info/flash/372795
Key points
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Report date:October 20。
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Microsoft, Alphabet, Goldman Sachs, Qualcomm, Caterpillar, McDonald's, and Western Digital oppose trading their tokenized shares on the OKX platform planned by and Intercontinental Exchange.
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The report states that the joint venture's October 19 updated public statement added 7 companies that objected, increasing the total number of companies with publicly disclosed objections from 9 to 16.
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Companies that had previously objected include Broadcom, Verizon, UnitedHealth, CoreWeave, AppLovin, Applied Digital,Rocket Lab and Applied Optoelectronics.
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The relevant documents do not specify the reasons for the companies' objections.
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OKX-ICE announced the plan on October 5, proposing to conduct tokenized U.S. equity trading under the U.S. Securities and Exchange Commission's 5-year “innovation exemption” framework.
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The plan states that trades will be matched through automated market makers and liquidity pools, and that stock issuers will be allowed to object.
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The initial proposed trading list covered 62 companies and 63 stock tickers, with Alphabet including classes of shares.
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The report states that currently 15 companies on the initial list have objected; Cerebras Systems was not on the initial list but has also objected.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Tokenized stocks are stock-related products in token form for trading.OKX-ICE The plan proposes to offer trading in such U.S. equities, but some stock issuers have explicitly objected. The report shows that the number of companies with publicly disclosed objections has increased, which may narrow the proposed listing scope or affect implementation arrangements; the available materials do not explain why the companies objected.
Why it matters to readers
Issuer objections are becoming a direct obstacle to the plan. For those following OKX-ICE, the key points to watch are how the platform handles objections, the final tradable scope, and whether the plan can continue to move forward. This event concerns a tokenized stock trading channel and does not indicate changes to the companies' operations or existing stock trading.
Beginners should understand this as a proposed trading service encountering issuer opposition, rather than these companies' shares having already stopped trading, and should not infer the direction of the relevant share prices from this news alone.
Risks and unknowns
The only evidence is a BlockBeats report, which does not provide the text of the purported public statement or relevant documents; key details still need to be verified against the original materials.
The documents do not specify the reasons for each company's objections.
The report says that 9 companies had objected last week, but the text lists only 8 companies that had previously objected, leaving company unidentified.
Related Developments
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The platform launch date, final trading list, and objection-handling process have not been specified.
The evidence does not state whether the U.S. Securities and Exchange Commission has approved the arrangement described.
Related concepts
Tokenized Stocks
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