Key facts
- Intel, Oracle, IBM, and IonQ are the latest companies to object to having their shares traded on OKXICE TSV.
- The OKXICE TSV venue lists 26 objecting issuers, up from 22 on Oct. 23.
- The venue plans to let approved users trade tokenized U.S. stocks 24/7.
- There is uncertainty about SIPC protection for tokenized shares in self-custodied wallets if the broker-dealer fails.
Intel, Oracle, IBM, and IonQ have joined a growing list of companies objecting to the trading of their shares on OKXICE TSV, a planned venue for tokenized stocks. The venue, a 50-50 joint venture between NYSE owner Intercontinental Exchange and OKX’s U.S. holding company, now lists 26 objecting issuers. This number has rapidly increased from nine on October 15. The companies' specific reasons for objection and the implications for trading on the platform remain unclear. OKXICE TSV intends to allow approved users to trade tokenized U.S. stocks 24/7, with trades requiring full funding and potentially lacking SIPC protection in case of broker-dealer failure.