Wells Fargo, Cisco, Intuit Among 6 More Companies Objecting to Tokenized Stocks

Six companies, including Cisco and Wells Fargo, objected to trading their tokenized shares on OKXICE’s proposed venue, bringing the number of objectors to 22.

• The latest additions named are Cisco, Wells Fargo, Marvell, Arm, Intuit and Moderna; the total number of objecting companies reached 22.· 2 sources
• OKXICE’s proposed venue would use blockchain-based trading, and the SEC framework gives issuers 30 days to object to their shares being offered there.· 1 source
• The reports say the notices do not explain all companies’ reasons; an objection blocks trading on the notifying venue but does not necessarily indicate opposition to all tokenized stock trading.· 2 sources