Companies Object to Proposed Tokenized-Stock Platform

Technology · First reported 3 Nov, 18:59 · Updated 19:28

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Tesla, SpaceX and other companies have objected to a proposed OKXICE platform for trading tokens linked to their shares. The proposal involves a 50-50 joint venture between Intercontinental Exchange and OKX; a public notice dated Nov. 2 said 56 of 62 selected companies had objected.

OKXICE is a proposed tokenized-stock trading platform created by a joint venture between Intercontinental Exchange and OKX.
The article says tokens would provide indirect exposure to U.S. stocks but not shareholder rights such as ownership or voting.
A Nov. 2 public notice listed objections from 56 of the 62 companies selected for the plan; the stated deadline to object was Nov. 3.

Summary written by Lux AI from 2 articles

Key facts

Objecting companies: 56 of 62 selected companies, according to the Nov. 2 public notice.
Stated objection deadline: Nov. 3.
Joint venture: OKXICE is described as a 50-50 venture between Intercontinental Exchange and OKX.