Walmart, Eli Lilly join growing pushback against OKX–ICE tokenized stock plans
Source: CoinDesk ·
From the source
Five more companies have objected, bringing the total to 38 as a rival Canton venue prepares to launch with an issuer-sponsored stock under the SEC's innovation exemption. Walmart (WMT), Eli Lilly (LLY) and three other companies opted out of tokenized stock trading plans by crypto exchange OKX and NYSE parent Intercontinental Exchange (ICE), taking objections to more than 50% of the companies on the venture’s original roster. Carnival (CCL), Arcos Dorados (ARCO) and Cigna (CI) also appeared in an updated public notice dated Oct. 28 , from the OKXICE venture. The additions bring disclosed objections to 38 of the original 62, according to a CoinDesk tally. The growing list highlights issuers’ caution about a new market structure taking shape under the SEC’s “ innovation exemption. ” The framework gives venues room to test blockchain-based stock trading, but companies are still weighing how those markets would work and what they stand to gain. Arcos Dorados and Cigna were outside the…