Microsoft, Alphabet and Goldman Sachs are among seven additional companies objecting to tokenized versions of their shares trading on OKX-ICE, raising the disclosed total to 16 issuers.
The companies appear in the joint venture's updated public notice dated Oct. 19. Qualcomm, Caterpillar, McDonald's and Western Digital also joined the list. The notice does not explain their reasons or say when they submitted objections.
Objection tally climbs from nine
The additions raise the disclosed count from nine in the prior week's notice. OKX-ICE is a planned stock-trading venue from crypto exchange OKX and Intercontinental Exchange, the parent of the New York Stock Exchange.
OKX-ICE plans to offer round-the-clock, stablecoin-settled trading of tokens backed one-for-one by shares and carrying equivalent dividend and voting rights.
Framework lets issuers block listings
The objections highlight a hurdle for the SEC's tokenized-stock framework, unveiled last month, which allows issuers to block venues from offering blockchain-based versions of their shares.
OKX-ICE's original notice identified 63 tickers representing 62 companies, with Alphabet appearing through both share classes. Fifteen of those companies have now objected, leaving 47 without a disclosed objection. Cerebras Systems, the other objecting issuer, was outside the original proposed trading roster.
Previous objectors included Broadcom, Verizon, UnitedHealth, CoreWeave, AppLovin, Applied Digital, Rocket Lab and Applied Optoelectronics.
Five-year exemption sought
OKX-ICE announced its plans on Oct. 5, seeking to operate under the SEC's five-year "Innovation Exemption." The framework allows qualifying venues to trade tokenized U.S. stocks through automated market makers and liquidity pools, while giving issuers an opportunity to object.
