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Magyar23 Oct 2026
Six more companies, including Wells Fargo, Arm Holdings and Intuit, have objected to tokenized versions of their shares trading on OKXICE, the venture of OKX and Intercontinental Exchange, Reuters reported. That brings the total to 22 of the 63 stocks the platform planned to list, and under the SEC exemption the platform cannot list a stock once its issuer objects.
Regulation TradeReviewed News Desk
Six more U.S. companies, including Wells Fargo, Arm Holdings and Intuit, will not allow their shares to be tokenized on OKXICE, the joint trading venture of crypto exchange OKX and Intercontinental Exchange (ICE), according to a regulatory document seen by Reuters on Friday. The new objections bring the total to 22 companies.
A growing list of objectors
OKX and ICE had planned to offer round-the-clock trading in blockchain-based versions of 63 U.S.-listed stocks. The objections have been arriving in batches. Earlier this week, Microsoft and Alphabet were disclosed alongside Goldman Sachs, Caterpillar, McDonald’s, Qualcomm and Western Digital, after a first group that included Broadcom, Verizon, CoreWeave and UnitedHealth Group. We covered that first batch in our earlier report on nine companies objecting to OKX and ICE tokenized stocks.
According to Reuters, 16 of the 22 objectors are listed on Nasdaq and the rest on the New York Stock Exchange, which ICE itself owns. The document does not say why the companies objected. Wells Fargo declined to comment, and Arm and Intuit did not immediately respond.
How the SEC exemption works
OKX and ICE filed with the Securities and Exchange Commission this month to launch under the agency’s new innovation exemption. It lets qualifying platforms trade tokenized stocks without meeting many of the rules that apply to traditional exchanges, but they must notify each issuer first and cannot proceed if the issuer objects.
As Fortune explained, this is a right to object, not a right to consent: companies have 30 days after receiving notice to say no, and if they stay silent the platform can go ahead. An objection also only blocks trading on that platform under the exemption. It does not stop tokenized versions of the same shares from being offered overseas or through other legal structures. Under the exemption, tokenized stocks must carry the same rights as the underlying shares, including dividends.
Fortune reported that Apple, Nvidia and Amazon had not publicly objected as of Wednesday, and that companies notified in early October may have until early November to respond.
What it means for traders
- The OKXICE launch list is shrinking. With 22 of 63 names already out, expect the first tradable list to be smaller than planned and weighted toward companies that stay silent through the notice period.
- Not every tokenized stock is the same product. Tokens offered offshore often do not give the same rights, disclosures or protections as real shares. Check what a token actually represents before trading it.
- Compare where you trade. Tokenized stocks and stock-linked products are offered differently across platforms. See our exchange comparison, our testing method, and the reviews of BingX and OKX.
Related reviews
Sources
- Reuters via Investing.com: Wells Fargo, Intuit others object to their shares being tokenized - regulatory document
- Fortune: Microsoft and Alphabet object to blockchain versions of their shares, but their veto only goes so far
News is for information only and is not financial advice. More crypto news
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