Wells Fargo Blocks OKXICE Tokenized Stock Listing as Corporate Vetoes Hit 22

Wells Fargo joins Intuit and Arm Holdings in opposing stock tokenization on OKXICE. Corporate objections have reached 22, threatening OKXICE’s planned stock offerings. The SEC warns that automated market makers may conflict with Rule 611’s trade-through requirements. Wells Fargo has objected to tokenized trading of its shares on OKXICE, joining Intuit, Arm Holdings and other U.S.-listed companies resisting the proposed blockchain-based equity venue. The objections now total 22, according to Reuters’ October 23 repor t. Wells Fargo declined to comment, leaving its specific reasons undisclosed.

Source: ETHNews