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Crypto · October 19, 2026

Why Some of America’s Biggest Companies Are Objecting to Tokenized Shares

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Major U.S. corporations, including Verizon, Broadcom, and UnitedHealth Group, have formally objected to the trading of tokenized versions of their shares on OKXICE TSV, a new platform developed by crypto exchange OKX and NYSE owner Intercontinental Exchange (ICE). The venue utilizes the SEC's 'Innovation Exemption,' a five-year pilot framework allowing the trading of blockchain-based shares backed one-for-one by underlying stocks. While the platform aims to offer 24/7 trading settled in stablecoins, nine issuers have opted out, and Nasdaq has separately indicated it will not participate. Concerns center on the lack of real-time price transparency and the temporary nature of the regulatory framework.

Read the original coverage

Reported by multiple outlets

  • Nine issuers have objected to their shares being traded on the OKXICE TSV platform as of an October 15 public notice.
  • Objecting companies include Verizon, Broadcom, UnitedHealth Group, AppLovin, Applied Digital, Rocket Lab, CoreWeave, Applied Optoelectronics, and Cerebras Systems.
  • The OKXICE venue is a joint venture between OKX and Intercontinental Exchange (ICE).
  • The platform operates under a five-year 'Innovation Exemption' issued by the SEC in September.
  • Nasdaq has separately opted its own shares out of the SEC's tokenized trading framework.
  • Tokenized shares on the platform are intended to be backed one-for-one by actual shares held through a registered broker-dealer.

Reported by only some outlets

  • OKXICE initially targeted shares of 63 U.S.-listed companies for its launch.
  • The venue plans to use Uniswap v4 liquidity pools on OKX’s XLayer blockchain.
  • TD Securities analysts reported that many issuers were initially unaware of the framework and expressed concern over its temporary nature.
  • Former New York Governor Andrew Cuomo is a co-chair of the OKXICE venture.

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CadNews does not determine absolute truth or endorse political viewpoints. It compares publicly available reporting, identifies shared facts, highlights framing differences, and flags uncertainty.