Nine companies block tokenized shares on OKXICE

6.6 Regulation

Oct 19, 2026

Nine major companies, including Broadcom and Verizon, objected to OKXICE listing tokenized shares, citing concerns over price, liquidity, and investor confusion. The SEC allows issuers to block such listings.

Nine publicly traded companies, including Broadcom, Verizon, CoreWeave, UnitedHealth Group, AppLovin, Applied Digital, Rocket Lab, Applied Optoelectronics, and Cerebras Systems, have formally objected to having tokenized versions of their shares listed on the OKXICE platform. OKXICE is a joint venture between OKX and Intercontinental Exchange. These objections, disclosed in an October 15 notice, invoke a venue-specific right under a recent SEC exemption. This exemption allows issuers to prevent unaffiliated venues from listing tokenized versions of their shares. While the companies did not detail all their reasons, some cited concerns about potential impacts on share price, liquidity, volatility, and possible investor confusion regarding issuer involvement. The objections do not represent a blanket rejection of tokenization but emphasize the importance of issuer control over where their shares are tokenized and traded. The OKXICE platform proposes permissioned trading of tokenized stocks via automated market maker pools, differing from traditional exchanges. These objections highlight the critical role of issuer consent in the adoption of blockchain-based stock trading.