Why Nine Wall Street Names Want Nothing to Do With OKXICE Tokens

OKXICE tokens will not be offered for shares of nine U.S.-listed companies that objected. The SEC’s new framework lets issuers veto third-party tokens on a specific venue. Companies point to risks around liquidity, volatility and investor confusion. OKXICE can still move ahead with stocks whose issuers have stayed silent. OKXICE tokens will not cover nine U.S.-listed companies, among them Broadcom, Verizon, UnitedHealth Group and CoreWeave, after they used a new opt-out right granted by the Securities and Exchange Commission to keep their shares off the tokenized stock venue that crypto exchange OKX runs jointly with New York Stock Exchange owner Intercontinental Exchange (ICE).