Intel, Oracle, IBM join growing list of firms objecting to OKX–ICE tokenized stock plans
Summary
IBM, Oracle, Intel and IonQ have objected to OKXICE’s plan to offer tokenized versions of their shares, bringing the total number of objecting companies to 26. The joint venture’s proposed market would use Uniswap v4 liquidity pools on OKX’s XLayer blockchain, with trades settled in stablecoins. Under the SEC’s five-year Innovation Exemption, venues must notify issuers and allow 30 days for objections; companies that do not object may have their shares offered without a later opt-out mechanism. Issuers may be wary because the benefits of tokenization remain uncertain and continuous trading outside traditional markets raises concerns.
