Objectors reach 16 as OKX-ICE tokenized stock plan meets pushback

What happened?

1. An updated public notice dated Monday lists 16 issuers objecting to having their shares traded on OKXICE TSV, up from nine in the notice version dated October 15, Decrypt reported.
2. Microsoft, Alphabet, Goldman Sachs, Qualcomm, Caterpillar, McDonald's and Western Digital were the seven names added, per Decrypt; the earlier list included Verizon, Broadcom, UnitedHealth Group, CoreWeave and Rocket Lab.
3. According to Cointelegraph, roughly 25% of the American‑listed firms included in OKXICE's first tokenized‑stock platform plan have requested withdrawal from the project.
4. The October 15 notice said shares would be tokenized by unaffiliated third parties; Monday's version said tokenization could be done by an outside party or by the issuer itself, Decrypt reported.
5. Decrypt reports that, as the notice lays out a third-party approach, a tokenizer purchases and holds genuine shares on a one-for-one basis via a broker-dealer that is registered, and creates tokens intended to mirror identical dividend and voting rights.

A new OKXICE TSV notice lists 16 issuers objecting to tokenized trading of their shares, four days after a version that listed nine, with Microsoft, Alphabet, Goldman Sachs, Qualcomm, Caterpillar, McDonald's and Western Digital added, Decrypt reported. Cointelegraph reported that about 25% of the U.S.-listed companies in the initial proposal are asking to opt out. The venue is planned to trade 24/7 on Uniswap v4 pools on OKX's XLayer blockchain with settlement in USDC and USDT.

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