Key facts
- Wells Fargo, Cisco, Intuit, Marvell, Arm Holdings, and Moderna are the latest companies to object to trading their shares on OKXICE TSV.
- The total number of objecting companies has reached 22, an increase from 16 on Oct. 19 and nine on Oct. 15.
- The notices do not specify the reasons for the companies' objections or their impact on trading.
- OKXICE TSV plans to offer 24/7 trading of tokenized U.S. stocks through Uniswap v4 liquidity pools on OKX's XLayer blockchain.
Six more companies, including Wells Fargo, Cisco, and Marvell Technology, have objected to the trading of their shares on OKXICE TSV, a planned tokenized stock venue. This brings the total number of objecting companies to 22, up from nine on October 15. The list of objectors also includes Intuit, Arm Holdings, and Moderna. The notices do not explain the companies' reasons for objecting or the effect of these objections on the platform's ability to trade their shares. OKXICE TSV, a joint venture between Intercontinental Exchange and OKX's U.S. holding company, aims to offer 24/7 trading of tokenized U.S. stocks using Uniswap v4 liquidity pools on OKX's XLayer blockchain, paired with stablecoins like USDC. The venue plans to operate under the SEC's innovation exemption.