From BigGo Finance · BigGo Finance · · 1m 10s
Walmart Eli Lilly Join 38 Companies Blocking OKXICE Token Trading
38 U.S. companies, including Walmart and Eli Lilly, block OKXICE token trading.
In brief
38 U.S. companies, including Walmart and Eli Lilly, block OKXICE token trading. Walmart, Eli Lilly and 37 other firms have objected to tokenized stock trading on OKXICE TSV, raising the count to 38 from 33. Originally reported by BigGo Finance.
Walmart and Eli Lilly Object
Walmart, Eli Lilly, Cigna, Carnival and Arcos Dorados have objected to trading of their shares on OKXICE TSV.
“Walmart, Eli Lilly, Cign”
Objector Count Rises
The disclosed objector count increased from 33 to 38 companies in a single day.
“The list has grown from nine on Oct. 15”
Objectors Include Major Companies
Objectors include Walmart, Eli Lilly, Cigna, Carnival, Arcos Dorados, JPMorgan, Microsoft, Alphabet, and others.
“Earlier entrants include Microsoft, Alphabet”
Objectors Span Multiple Sectors
Objectors cover retail, health care, and travel sectors including McDonald's franchisee Arcos Dorados.
“Arcos Dorados, the largest McDonald's franchisee in Latin America”
SEC Innovation Exemption
The SEC's five-year innovation exemption allows 30 days for issuers to block unaffiliated third-party tokenization.
“Under the SEC's five-year innovation exemption”
Objecting Costs Nothing
A written objection bars the venue from listing that stock, but silence allows trading to begin.
“A written objection bars the venue from listing that stock”
JPMorgan's Provisional Stance
JPMorgan said it has not ruled out future participation in OKXICE TSV.
“We are encouraged by the potential of tokenization but also need to be thoughtful”
Key Companies Not Objecting
Nvidia, Tesla, Apple and Amazon had not objected as of the latest notice.
“Nvidia, Tesla, Apple and Amazon”
The main idea
Walmart, Eli Lilly and 37 other firms have objected to tokenized stock trading on OKXICE TSV, raising the count to 38 from 33.
