Microsoft and Alphabet Block Tokenized Stock Listings on OKXICE Venue

Sixteen public companies have formally objected to the tokenization and trading of their shares on OKXICE TSV, a tokenized stock venue owned by Intercontinental Exchange and OKX. The newest group of objecting issuers includes Microsoft, Alphabet, Goldman Sachs, Qualcomm, Caterpillar, McDonald’s, and Western Digital, according to an updated October 19 public notice. Under a September 17 SEC exemption order, tokenized securities venues must provide issuers a 30-day written notice before listing tokens minted by an unaffiliated firm; a written objection during this window legally blocks the venue from offering the stock. The OKXICE platform design utilizes an outside entity to purchase real shares through an SEC-registered broker-dealer, issuing one token per share to be traded 24 hours a day in Uniswap v4 pools on the XLayer blockchain. Forty-seven companies from the venue's initial 63-ticker target list have not disclosed objections so far, leaving equities like Nvidia, Tesla, Apple, Amazon, and JPMorgan Chase potentially eligible for listing.