IBM, Oracle Among 4 More Companies Opposing OKX-ICE Stock Tokenization, Bringing Total to 26
Suehyeon Lee
Summary
- IBM and Oracle, Intel, and IonQ were among four companies that raised objections to OKX and ICE's stock tokenization plan.
- A total of 26 companies have now expressed opposition to OKX and ICE's stock tokenization push.
- The objections are being watched for whether they will affect OKX and ICE's stock tokenization effort and the SEC's review of the related framework.
Forecast Trend Report by Period
Major U.S. technology companies are increasingly voicing opposition to cryptocurrency exchange OKX and Intercontinental Exchange's push to tokenize stocks.
On Oct. 27, Eleanor Terrett, host of Crypto in America, said IBM, Oracle, Intel and IonQ were among four companies that objected to OKX and ICE's stock-tokenization plan under the U.S. Securities and Exchange Commission's innovation-exemption framework.
That brings the total number of companies that have expressed opposition to 26. The objections are drawing attention for their potential impact on OKX and ICE's stock-tokenization effort and the SEC's review of the related framework.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.