Policy·October 18, 2026 at 7:28 PM EDT·4 sources
Tokenized stock trading takes off overseas as Goldman, other U.S. companies object
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News
Companies initially targeted by OKX-ICE63
Disclosed objecting issuers16
What happened
- Sixteen companies have objected to having their shares traded on the planned OKX-ICE tokenized stock venue, up from nine four days earlier.
- Microsoft, Alphabet and Goldman Sachs joined objections from companies including Broadcom, Verizon and UnitedHealth.
- Nasdaq separately said it would opt out, citing concerns about real-time best-price display and consolidated-tape reporting.
Disclosed objecting issuers
16
Objecting issuers four days earlier
nine
Companies initially targeted by OKX-ICE
63
SEC Innovation Exemption duration
five-year
Why it matters
The objections highlight issuer, market-structure and regulatory risks for exchanges, broker-dealers, tokenization platforms and investors evaluating blockchain-based equity trading. Overseas momentum may increase competitive pressure while U.S. issuers remain cautious about the framework.
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Timeline
- First reported by CoinDeskOct 18SEC tokenized stock framework faces issuer pushback as Broadcom, Verizon object to OKX-ICE listing
- Decrypt reportsOct 20Microsoft, Alphabet, Goldman Sachs Join Growing List of Companies Objecting to Tokenized Stocks
- CNBC reportsOct 21Tokenized stock trading takes off overseas as Goldman, other U.S. companies object
- Techmeme reportsOct 22Microsoft and Alphabet join 14 other companies objecting to a plan by OKXICE, a venture of OKX and ICE, to trade blockchain-based versions of their shares (Camila Grigera Naón/Fortune)
Who is involved
Tokenized stock trading takes off overseas as Goldman, other …OKX-ICEIntercontinental ExchangeICEMicrosoftMSFTAlphabetGOOGLGoldman SachsGSNasdaqNDAQU.S. Securities and Exchange Commission
CompanyAgency
Sources (4)
- CoinDeskOct 18SEC tokenized stock framework faces issuer pushback as Broadcom, Verizon object to OKX-ICE listing
- DecryptOct 20Microsoft, Alphabet, Goldman Sachs Join Growing List of Companies Objecting to Tokenized Stocks
- CNBCOct 21Tokenized stock trading takes off overseas as Goldman, other U.S. companies object
- TechmemeOct 22Microsoft and Alphabet join 14 other companies objecting to a plan by OKXICE, a venture of OKX and ICE, to trade blockchain-based versions of their shares (Camila Grigera Naón/Fortune)
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