Wells Fargo and five others object to OKX-ICE tokenized stock listings: Report
Summary
Six additional companies, including Wells Fargo, Arm Holdings and Intuit, reportedly objected to having their shares tokenized on OKXICE, a proposed platform backed by OKX and Intercontinental Exchange. The objections bring the total to 22 of the 62 companies named in the venture’s SEC filing. Sixteen objecting companies are listed on Nasdaq and six on the NYSE. Nasdaq has cautioned issuers about risks to liquidity, price discovery and shareholder value from experimenting with tokenized stock trading. OKXICE co-chair Andrew Cuomo said more companies may object to avoid being early participants.
