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Andrew Cuomo defends tokenized stock plans following corporate pushback

The co-chairman of the OKX-ICE joint venture described corporate objections to share tokenization as a natural reaction to a new market structure.

FTMQ Crypto, written by our newsroom2 views

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Picture: CoinDesk Markets
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Andrew Cuomo, co-chairman of the OKX-ICE joint venture, addressed corporate pushback against tokenized stock plans during a press call on October 20, 2026. CoinDesk reported that Cuomo called the growing list of rejecting companies a natural response to testing a new market structure. Microsoft, Alphabet, and Goldman Sachs are among the latest firms to object to the tokenized trading of their shares. [1]

According to CoinDesk, Cuomo explained that the model was intentionally designed to allow companies to choose whether to opt in or out. He stated that corporate entities were expected to take a wait-and-see approach as the tokenized trading model develops. [1]

As FTMQ Crypto reported earlier, OKX-ICE is a joint venture formed by cryptocurrency exchange OKX and Intercontinental Exchange to trade tokenized equity shares under a Securities and Exchange Commission framework. Nine major corporations, including Broadcom, Verizon, and UnitedHealth, had previously lodged formal objections against the tokenization of their shares. [9]

Cuomo is an OKX board member who served as the 56th governor of New York from 2011 until his resignation in 2021. OKX is a cryptocurrency exchange based in San Jose, California. [1][6][7]

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In short

  • Andrew Cuomo called corporate objections to tokenized stock trading a natural response.
  • Microsoft, Alphabet, and Goldman Sachs joined the list of companies objecting to the tokenization of their shares.
  • OKX-ICE is a joint venture created by cryptocurrency exchange OKX and Intercontinental Exchange.
  • The SEC framework allows companies to opt out of having their shares tokenized.

Sources

Every paragraph above points to the numbered items it rests on. Read the originals here.

  1. [1]OKX-ICE co-chair Andrew Cuomo calls corporate objections a ‘natural response’ to tokenized stock plansCoinDesk Markets, 14d ago (the report this story comes from)
  2. [2]Andrew Cuomo Revisits His 2011 Crypto Roots as OKX Rolls Out $500K ShieldBitcoin News, 14d ago
  3. [3]OKX-ICE co-chair Andrew Cuomo calls corporate objections a ‘natural response’ to tokenized stock plansCoinDesk, 14d ago
  4. [4]Andrew Cuomo faces blowback as he plugs NYSE owner’s Chinese joint venture for crypto-based stock exchangesNew York Post, 14d ago
  5. [5]Andrew Cuomo Revisits His 2011 Crypto Roots as OKX Rolls Out $500K ShieldCryptonews.net, 14d ago

Background

  1. [6]Andrew Cuomo on Wikipedia
  2. [7]OKX on Wikipedia
  3. [8]Andrew Cuomo on Grokipedia
  4. [9]Broadcom and Verizon lead corporate pushback against SEC tokenized stock trading FTMQ Crypto, 16d ago

Our newsroom writes these reports with the help of software, from the 9 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.

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Earlier reports of ours on the same people and subjects.

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