Nine public companies are challenging the tokenization of their shares by OKX and ICE, raising critical questions about the legality of blockchain-based secondary markets operating without corporate issuer approval.
ICE faces regulatory pushback from public companies over its tokenized stock plan with OKX, creating near-term uncertainty.
Nine public companies have formally objected to the listing of their shares as tokenized assets on the OKX platform, a project involving Intercontinental Exchange. This pushback creates significant regulatory uncertainty for ICE as it attempts to bridge traditional equity markets with blockchain-based trading without explicit issuer consent.
The companies object to having their shares offered in tokenized form without their explicit consent, raising concerns over market control and regulatory compliance.