Walmart, Microsoft and JPMorgan block NYSE-backed venture from tokenizing their shares
Walmart, Microsoft, Alphabet, JPMorgan and 34 other companies objected to third-party tokenized shares being listed on OKXICE, a proposed 24/7 trading venue backed by an ICE subsidiary and OKC USA. Under SEC rules, companies can block a token from trading on a specific venue by objecting within 30 days of notice; the rules offer no comparable routine veto after that period. OKXICE’s automated liquidity pools may price tokens away from conventional shares, especially outside market hours or when liquidity is low, while issuers have no clear direct financial payoff. A securities-industry group has proposed stronger issuer-consent and opt-out protections. By contrast, Canton Strategic Holdings is pursuing an issuer-sponsored token arrangement, choosing its intermediaries and ownership-record system.
