Intel IBM Oracle and IonQ object to OKX ICE tokenized stocks

Intel, IBM, Oracle, and IonQ have filed objections against having their stock listed in tokenized form on a planned exchange from OKX and Intercontinental Exchange, according to Cointelegraph, CoinDesk, and Decrypt. An updated public notice dated Monday, October 26, from the joint venture added the four technology companies, bringing the total number of objecting corporate issuers to 26. [1][2][3]

Cointelegraph reported that more than 40 percent of the companies originally proposed for tokenized stock listings have now requested to opt out. The planned platform, named OKXICE TSV, is a 50-50 joint venture between NYSE owner Intercontinental Exchange and the United States holding company of cryptocurrency exchange OKX, Decrypt reported. [1][3]

The joint venture is preparing to test the new regulatory framework from the Securities and Exchange Commission for blockchain-based stock trading, according to CoinDesk. Decrypt described quantum computing firm IonQ as part of the latest group of objecting companies, which follows an October 23 notice that added Wells Fargo, Cisco, and Marvell Technology to the list. [2][3]

As FTMQ Crypto reported earlier, 22 corporate issuers had previously objected to the venue, including Microsoft, Alphabet, Goldman Sachs, Verizon, Broadcom, and UnitedHealth Group. OKX is a cryptocurrency exchange headquartered in San Jose, California, while IonQ trades on the New York Stock Exchange under the ticker IONQ. [10][11][12]