CoreWeave, Broadcom, Verizon Among Nine Companies Objecting to Tokenized Trading of Their Shares on OKXICE
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6 Articles
OKXICE Faces 9 Formal Objections to Tokenized Share Trading
Nine U.S.-listed companies, including Broadcom, Coreweave, Verizon, and Unitedhealth, have formally objected to tokenized versions of their shares trading on OKXICE, throwing an unexpected roadblock into the crypto exchange venture’s ambitious plans for round-the-clock stock trading. Nine Companies Object to Tokenized Shares The objections appear in an Oct. 15 public notice from OKXICE, the joint […]
The Defiant reported that CoreWeave and Broadcom objected to tokenized versions of their shares being traded in OKXICE. OKX and ICE’s joint venture had submitted an application to the SEC regarding a tokenized securities trading platform; the reasons for the objections are not known in the available evidence.
CoreWeave and Broadcom rejected that their shares are traded in tokenized versions through OKXICE, a platform that seeks to offer transactions with digital values 24 hours a day. Cerebras Systems also presented its opposition. The platform operates under a regulatory exemption from the SEC that allows trading tokenized shares issued by third parties. According to the ... Read more
CoreWeave and Broadcom say no to OKXICE as AI trade stocks reject 24/7 expansion
CoreWeave (NASDAQ: CRWV) and Broadcom (NASDAQ: AVGO) have told OKXICE that they do not want tokenized versions of their stock to be traded on its new venue. The venue is operating under the SEC’s exemption rule that lets it treat 30 days of silence from companies as a yes to having their stock tokenized. Will tokenized versions of Broadcom and CoreWeave be sold on OKXICE? Both CoreWeave and Broadcom have refused to have tokenized versions of the…
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