Intel, Oracle, IBM Join Objections to OKX-ICE Tokenized Stock Venue; Total Reaches 26

Intel, Oracle, IBM and quantum computing firm IonQ are the latest issuers to object to their shares being traded on OKXICE TSV, the tokenized stock venue planned by Intercontinental Exchange and OKX's U.S. holding company. The updated public notice dated Monday brings the total to 26 objecting companies. The list has nearly tripled in under two weeks, up from 22 in the Oct. 23 notice, 16 on Oct. 19 and nine on Oct. 15, when the first batch included Verizon, Broadcom and UnitedHealth Group. Technology companies dominate the roster, with Microsoft, Alphabet, Broadcom, Qualcomm, Arm and Cisco also objecting, alongside banks Goldman Sachs and Wells Fargo. The notices do not explain the companies' reasons or what an objection means for trading eligibility. The venue plans 24/7 trading of tokenized U.S. stocks through permissioned Uniswap v4 liquidity pools on OKX's XLayer blockchain, paired with stablecoins such as USDC, under the SEC's innovation exemption. The notice flags that each token represents a claim on a real share held by a third-party tokenizer through a registered broker-dealer, and it is uncertain whether such shares would be covered by the Securities Investor Protection Corporation if that broker-dealer failed. Trades must be fully funded, with no margin or borrowing.