Nine Companies Object to OKXICE Tokenized Stock Venue

Nine corporate issuers have officially objected to a proposed tokenized securities venue run by OKXICE, highlighting the strict limits built into the Securities and Exchange Commission's new trading framework for onchain assets.

According to CryptoNews, the October 15 public notice records formal objections from Broadcom, Verizon Communications, CoreWeave, Cerebras Systems, AppLovin, Applied Digital, Rocket Lab, Applied Optoelectronics, and UnitedHealth Group. Under the SEC's September 17 regulatory order, an issuer has a 30-calendar-day window after receiving notice to block an unaffiliated venue from carrying its shares.

SEC Framework and Venue Rules

The SEC framework requires that any tokenized stock holder receives the exact economic and voting rights equivalent to conventional shares, including dividends and residual claims. OKXICE has proposed permissioned trading within Uniswap v4 pools on X Layer, matching eligible stock tokens with three stablecoins.

However, the mechanism grants companies the distinct right to halt third-party tokenization on a specific venue without issuing a blanket ban on blockchain technology. Applied Optoelectronics cited concerns over price uncertainty, liquidity, and potential investor confusion regarding company sponsorship, according to reporting cited by CryptoNews.

Key facts

• Nine corporate issuers filed formal objections to OKXICE's proposed tokenized stock venue by October 15.
• The objecting companies include Broadcom, Verizon, CoreWeave, and UnitedHealth Group.
• The SEC's temporary exemption framework grants issuers 30 calendar days to block unaffiliated tokenized trading.
• OKXICE's initial October 4 notice identified 63 prospective stocks before subsequent revisions.