A post by @WatcherGuru on X.
JUST IN: 50 major US companies now oppose having their stocks tokenized on OKX and ICE's planne…
@WatcherGuru on X
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Fifty major US companies, including Nvidia, Microsoft, JPMorgan, Alphabet, Walmart, Goldman Sachs, and Eli Lilly, have formally opposed plans to tokenize their stocks on a planned exchange backed by crypto platform OKX and Intercontinental Exchange (ICE), the parent of the NYSE. The pushback targets the proposed tokenized-stock venue, which would offer blockchain-based versions of listed equities to investors. The opposition from such a broad swath of the S&P 500 — spanning tech, finance, retail, healthcare, and industrials — signals significant resistance from issuers to having their shares traded in tokenized form without their consent, a dispute that could shape how traditional equities and digital-asset markets converge. Watch for whether OKX and ICE revise their listing plans, whether regulators such as the SEC weigh in, and whether more issuers join the opposition list.
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Named in this story
OKX, ICE, IBM (IBM), Microsoft (MSFT), Apple (AAPL)
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