Why McDonalds, Microsoft and Google saying no to tokenized stocks isn't a dealbreaker
Twenty-two public companies, including Microsoft, Alphabet, Goldman Sachs and Wells Fargo, have objected to OKX and ICE’s plans to trade tokenized versions of their shares. Under the SEC’s Innovation Exemption, issuers have 30 days to object; silence permits trading, and the rules offer no clear way to reverse that choice later. Experts say companies may be opting out while assessing custody, shareholder rights and operational risks, rather than rejecting tokenization outright. Nasdaq supports tokenization but opposes trading outside the existing national market system, citing risks to liquidity, price discovery and investor safeguards. The potential benefits for issuers remain uncertain, while tokenization firms say education and time may help build acceptance.
