Broadcom and Verizon among firms opposing tokenized stock trading
Nine firms, then eight more, pushed back on OKX-ICE offering blockchain trades of their shares in token form, and Applied Digital later joined them.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
Broadcom and Verizon are among nine firms that objected to OKX-ICE offering tokenized versions of their shares. Eight more companies objected later, and Nasdaq said it would opt out under the SEC's framework. Applied Digital then blocked tokenized versions of its stock from trading on the platform.
Why it matters
The objections raise the question of whether companies can block tokenized versions of their shares under the SEC's framework.
Timeline
- Oct 18, 2:30 PM ET: Nine companies, including Broadcom and Verizon, objected to OKX-ICE listing tokenized versions of their shares.
- Oct 18, 7:28 PM ET: Eight more companies objected to trading on the OKX-ICE venue, and Nasdaq said it would opt out under the SEC's framework.
- Oct 19, 8:19 PM ET: Applied Digital objected to tokenized versions of its shares being traded on OKXICE.
Coverage
- Applied Digital (APLD) Blocks Tokenized Versions Of Its Stock (Yahoo News)
- SEC tokenized stock framework faces issuer pushback as Broadcom, Verizon, Nasdaq object listing (coindesk.com)
- Nine Companies, Including Broadcom and Verizon, Object to Their Shares Being Tokenized. Can They Stop It? (247wallst.com)
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