From BigGo Finance · BigGo Finance · · 1m
US Companies Object to OKXICE Stock Token Market
Nine US-listed firms block OKXICE's stock token trading for their shares.
In brief
Nine US-listed firms block OKXICE's stock token trading for their shares. Nine US companies including Broadcom and Verizon have objected to OKXICE handling their shares on the stock token market. Originally reported by BigGo Finance.
Quick answers
- Why Objections?
- The public filings do not state reasons but Applied Optoelectronics cited share price uncertainty and investor confusion risks.
- What is the key takeaway from US Companies Object to OKXICE Stock Token Market?
- Nine US companies including Broadcom and Verizon have objected to OKXICE handling their shares on the stock token market.
Objections Filed
Nine US-listed companies including Broadcom and Verizon filed objections to OKXICE's stock token market handling of their shares.
Who Objected
CoreWeave, Broadcom, Verizon, Cerebras Systems, AppLovin, Applied Digital, Rocket Lab, Applied Optoelectronics and UnitedHealth Group.
Why Objections?
The public filings do not state reasons but Applied Optoelectronics cited share price uncertainty and investor confusion risks.
OKXICE Plan
OKXICE aims to tokenize over 60 US stocks for 24/7/365 trading with stablecoins.
Legal Basis
The SEC's five-year innovation exemption allows tokenized trading without exchange registration.
What Happens Next
OKXICE will exclude the nine companies from its initial stock token market launch.
The essence
Nine US companies including Broadcom and Verizon have objected to OKXICE handling their shares on the stock token market.
