Walmart, Eli Lilly Among 38 Companies Blocking Shares on OKX-ICE Tokenized Trading Venue

Walmart, Eli Lilly, Cigna Group, Carnival and Arcos Dorados have objected to their shares being offered on OKXICE TSV, the tokenized stock venue jointly owned by Intercontinental Exchange and OKX's U.S. holding company, according to an updated notice dated Wednesday. The additions bring total objectors to 38, up from 33 a day earlier and more than quadruple the nine companies listed on Oct. 15. The latest batch extends pushback beyond tech and finance into retail, health care and travel. Arcos Dorados, McDonald's largest Latin American franchisee, joins McDonald's, which objected earlier this month; Eli Lilly and Cigna join UnitedHealth Group and Moderna among health care objectors. JPMorgan Chase, Coca-Cola and Dell were among seven newcomers disclosed a day earlier. Under the SEC's innovation exemption unveiled in September, a venue must notify a company before offering a third-party tokenized version of its shares. Written objections within 30 days bar the venue from trading that stock, per the SEC's order. The exemption caps OKXICE TSV at 75 top liquid stocks with trading limited to 0.25% of average daily volume, plus up to 250 other stocks at 2.5%. Nvidia, Tesla, Apple and Amazon have not objected.