Wells Fargo, Arm and Intuit oppose tokenized shares on OKXICE
Twenty-two companies now object to having their shares tokenized on OKXICE, the OKX and ICE platform, according to a regulatory document cited by Reuters.
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what happened
Wells Fargo, Arm and Intuit have also come out against having their equity turned into tokens on OKXICE, according to a regulatory filing that Reuters cited, as reported by Seeking Alpha. The filing indicates that the number of objecting companies has now reached 22.
OKXICE is a joint venture between the crypto exchange OKX and Intercontinental Exchange, the parent of the NYSE. It filed with the SEC to launch a platform for round-the-clock trading of American company stocks. The project was initially meant to include more than 60 publicly listed firms. Their shares were to be converted into tokens that trade on a blockchain through a liquidity pool, keeping rights to dividends and voting.
However, as a report published on Friday noted, the joint venture has run into resistance from the issuers themselves.
why it matters
For markets, the pushback from large issuers could slow the spread of tokenized equities and around-the-clock trading of them. This matters both for crypto exchanges and for traditional venues that see such instruments as a way to widen investor access to shares.
market impact
US tokenized stocks: issuer objections could delay round-the-clock trading launch on OKXICE
tags
instruments
sources
- Wells Fargo, Arm, Intuit among companies objecting to tokenizing stocks on OKXICE - report — Seeking Alpha, 23 October 2026 at 15:58 UTC
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