Wells Fargo, Cisco, Intuit Among 6 More Companies Objecting to Tokenized Stocks
Summary
Six more companies—Wells Fargo, Cisco, Marvell, Arm, Moderna and Intuit—have objected to OKX and Intercontinental Exchange’s planned tokenized-stock venue, bringing the total to 22. The notices do not explain the objections or their effect on listings. The joint venture plans 24/7 trading of tokenized U.S. shares through Uniswap v4 pools on OKX’s XLayer, paired with stablecoins, under an SEC innovation exemption. Its disclosures flag risks including limited circuit breakers, unresolved broker-dealer reporting and best-execution questions, and internally audited trading-access controls. Nasdaq plans to exclude its shares from the exemption.
