SEC tokenized stock framework faces issuer pushback as Broadcom, Verizon, Nasdaq object listing
Eight more U.S. companies, including Broadcom, Verizon and UnitedHealth, have objected to OKXICE’s plan to trade tokenized shares, bringing named objectors to nine. The venture intends to launch with 63 U.S.-listed stocks under the SEC’s five-year Innovation Exemption, using Uniswap v4 liquidity pools on OKX’s XLayer and stablecoin settlement. Shares would be held one-for-one through a broker-dealer, with token holders receiving equivalent rights. Nasdaq has separately opted out, citing concerns over real-time best-price display and consolidated-tape reporting. TD Securities analysts say issuers have shown little interest and warn that reliance on temporary SEC relief creates uncertainty that could deter investment and institutional integration.
