Walmart and Eli Lilly Opt Out of OKXICE Tokenized Stock Venue
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Walmart, Eli Lilly Among Latest Objectors to OKXICE Tokenized Stocks Platform - Invest In Crypto News
Key Takeaways Walmart, Eli Lilly, Cigna, Carnival, and Arcos Dorados are the latest companies to oppose OKXICE’s stock tokenization plan.A total of 38 of the 63 targeted companies, or roughly 60%, have now objected, including JPMorgan, Coca-Cola, Microsoft, and Alphabet.OKXICE aims to enable 24/7 tokenized stock trading, but growing corporate opposition threatens to limit the […]
Walmart and Eli Lilly Opt Out of OKXICE Tokenized Stock Venue
TL;DR Walmart and Eli Lilly joined the companies objecting to tokenized versions of their shares trading on OKXICE, taking disclosed issuer objections to 38. Carnival, Arcos Dorados and Cigna also appeared in the October 28 update. The objections narrow the venue’s potential stock roster without cancelling the project. OKXICE plans permissioned, one-for-one share-backed token trading ...
Walmart and four other companies joined the objections against OKXICE TSV, the Tokenized trading venue of OKX and ICE. The list reached 38 companies. Under a temporary and conditional exemption from the SEC, a written objection within the scheduled time limit may prevent the platform from offering the shares of that company.
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