Intel, Oracle, IBM join growing list of firms objecting to OKX–ICE tokenized stock plans

IBM, Oracle, Intel and IonQ have opted out of plans by crypto exchange OKX and NYSE parent Intercontinental Exchange (ICE) to offer blockchain-based trading of their shares, bringing the total number of issuer objections to 26. The four companies were named in an updated public notice dated Monday, Oct. 26 , from OKXICE, the two firms’ joint venture. They join earlier objectors including Microsoft, Alphabet, Goldman Sachs, Cisco and Wells Fargo. The growing list underscores a hurdle for OKXICE and the SEC’s new framework for tokenized stock trading: building a market that issuers are willing to join.

Also reported by Decrypt, crypto.news, Cryptopolitan, TheCoinrise.

Source: CoinDesk