Intel, Oracle, IBM Join Objections to OKX-ICE Tokenized Stock Venue, Bringing Total to 26
Intel, Oracle, IBM and IonQ have objected to having their shares traded on OKXICE TSV, bringing the number of objecting issuers to 26, up from nine less than two weeks earlier. The planned 50-50 venture between Intercontinental Exchange and OKX’s U.S. holding company would offer approved users 24/7 trading of tokenized U.S. stocks through permissioned pools on OKX’s XLayer blockchain. The notices do not explain the objections or their effect on trading. Each token would represent a claim on a share held by a third-party tokenizer, but it remains unclear whether tokens in self-custody would receive customer-property or SIPC protections if the broker-dealer failed. Trading would require identity checks and full funding; liquidity providers could withdraw liquidity at any time.
