Microsoft, McDonald's and others object to tokenized stock plans

At least 22 public companies, including Microsoft, Alphabet, McDonald's, Goldman Sachs and Wells Fargo, have formally objected to OKXICE's plans to offer tokenized versions of their shares. The OKX-ICE venture operates under a temporary SEC exemption that gives companies 30 days to object.

• 22 companies objected to stock tokenization on OKXICE
• OKXICE plans 24/7 trading of 63 tokenized US stocks
• An objection blocks listing only on that specific venue
• Apple, Nvidia and Amazon have not yet responded