Meta, Palantir Reject OKXICE Stock-Tokenization Plan; Objections Rise to 67 Companies
Summary
- Meta, Palantir, and S&P Global have objected to OKXICE's stock-tokenization plan, according to the report.
- OKXICE is a joint venture between OKX and Intercontinental Exchange (ICE) and is pursuing a business to tokenize U.S. stocks.
- Of OKXICE's initial 62 tokenization target companies, 56 have objected, bringing the total number of companies challenging the plan to 67, the report said.
Forecast Trend Report by Period
Meta and Palantir have joined the companies opposing OKXICE's plan to tokenize stocks.
Meta, Palantir and S&P Global were recently added to the list of companies objecting to the project, Bitcoin.com News and other outlets reported on November 7. A total of 67 companies have now opposed OKXICE's stock-tokenization plan.
OKXICE is a joint venture between crypto exchange OKX and Intercontinental Exchange, the parent of the New York Stock Exchange. It is seeking to tokenize U.S. stocks using the U.S. Securities and Exchange Commission's innovation exemption framework.
The issue is that major companies cited as initial tokenization targets have successively raised objections, disrupting efforts to secure the planned roster. CoinDesk reported that 56 of the 62 companies initially identified as tokenization targets have objected. The cumulative total of 67 includes 11 companies that were not on the original list.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul