Wells Fargo, Cisco, Marvell among latest firms objecting to OKXICE's tokenized stock plan
Source: CoinDesk ·
From the source
Six more companies have objected to listing tokenized versions of their stock on the venue, Reuters reported, bringing the total to 22. Cisco (CSCO), Wells Fargo (WFC) and four other companies have opted out of plans by crypto exchange OKX and New York Stock Exchange parent Intercontinental Exchange (ICE) to offer blockchain-based trading of their shares, bringing the total objections to 22 as issuers weigh participation in the SEC’s new framework for tokenized stocks. The companies, along with Arm Holdings (ARM), Moderna (MRNA), Intuit (INTU) and Marvell Technology (MRVL), were named in an updated public notice filed Friday by OKXICE, the two firms’ joint venture. The additions extend a list that already included some of the world’s largest publicly traded companies , such as Microsoft MSFT $524.32 · Market Closed , Alphabet (GOOG, GOOGL), Goldman Sachs (GS) and McDonald’s and said no to the venue’s plan in recent weeks. The growing number of objections signals a hurdle for a new…