Companies Object to OKX-ICE Tokenized Stock Platform as Co-Chair Calls Pushback Expected
Alphabet, Microsoft and Goldman are among firms seeking to opt out of a proposed OKX-ICE tokenized stock venture. Co-chair Andrew Cuomo described the objections as expected.
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AfroEuropa desk
Several major US-listed companies have raised objections to a proposed tokenized stock platform from OKXICE, a joint venture between crypto exchange OKX and Intercontinental Exchange (ICE), according to reporting from Cointelegraph and CoinDesk.
Cointelegraph reported that Alphabet and Microsoft are among the firms adding objections to the proposal. According to the outlet, around 25% of the US-listed companies included in OKXICE's initial tokenized stock platform proposal are asking to opt out of the venture. Goldman has also been named among the objecting parties.
Andrew Cuomo, the former New York governor who co-chairs the OKX-ICE venture, addressed the pushback in comments reported by CoinDesk. He said companies were expected to take a wait-and-see approach, characterizing the corporate objections as a natural response to the tokenized stock plans.
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