SEC Tokenized Stock Framework Faces Issuer Pushback as Broadcom, Verizon, Nasdaq Object Listing

SEC tokenized stock framework faces issuer pushback as Broadcom, Verizon, Nasdaq object listing

Eight more companies objected to trading on the planned OKX-ICE venue, while Nasdaq has separately said it would opt out under the SEC’s framework.

Nine Issuers Object to Trading Tokenized Versions of Their Shares on OKXICE

The SEC’s temporary framework gives issuers 30 calendar days after receiving written notice to object to third-party tokenized shares on a specific venue.

Wall Street Giants Push Back Against Crypto Tokenization Plans As Nine Companies Object

TL;DR: Major public companies have reportedly objected to plans to represent their shares on a tokenized trading platform. The resistance highlights unresolved questions about shareholder protections and the regulation of blockchain-based securities. The push to bring Wall Street equities onto blockchains is encountering resistance from some of the companies whose shares would be represented. Reports […]