Microsoft, Alphabet and Goldman Sachs join objections to OKX-ICE tokenized stock trading

Nine listed companies have formally objected to having their shares offered in tokenized form on the proposed tokenized stock platform backed by OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE). The companies included Cerebras Systems, AppLovin, Applied Digital, Rocket Lab, CoreWeave, Verizon Communications, Applied Optoelectronics, Broadcom and UnitedHealth Group, according to a Thursday notice by OKX and ICE. The notice did not disclose the reason behind the objection. Under the Securities and Exchange Commission’s Sept. 17 innovation exemption announcement, tokenized venues must give issuers written notice and an opportunity to object before listing third-party tokenized stocks. “Issuers aren’t objecting to the blockchain. They’re objecting to not knowing what happens to their price once it trades there,” Robin Nordnes, CEO of trading validation platform Raiku, told Cointelegraph. “On a public chain, the validator building the block sets the order.

Skip to main contentCrypto NewsOct 18, 2026, 7:28 p.m. EDT2 min readWall Street street signs (Chenyu Guan/Unsplash)SummaryBroadcom, Verizon and UnitedHealth are among nine companies objecting to having their shares traded on OKXICE’s planned tokenized-stock platform. The venue would use the SEC’s five-year Innovation Exemption to offer around-the-clock trading of blockchain-based shares backed one-for-one by underlying stock. Issuer resistance and uncertainty over the temporary regulatory framework could limit available stocks and discourage institutional investment in tokenized trading infrastructure. The SEC’s new framework for trading tokenized stocks is encountering resistance from some of the companies whose shares could trade, with Broadcom (AVGO), Verizon (VZ) and UnitedHealth (UNH) among the latest issuers to object. Eight newly disclosed objections appeared in an October 15 public notice from OKXICE, the joint venture between crypto exchange OKX and New York Stock Exchange parent Intercontinental Exchange (ICE) preparing to offer tokenized stock trading.

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The April 1 hack caused about $295 million in losses and was later attributed to a North Korean threat group in a Mandiant investigation. A wallet linked to the Drift Protocol hack sent about $61 million in Ether (ETH) to Tornado Cash, a service that obscures transaction trails. The wallet deposited 25,700 ETH to the cryptocurrency mixer over two hours on Tuesday after two months of inactivity, blockchain analytics platform Lookonchain said in an X post. The exploiter’s addresses held about 81,454 Ether, worth roughly $194 million, according to Arkham. Crypto mixers pool funds from multiple addresses and obscure fund trails, making tracing harder. Drift, a Solana-based decentralized exchange, reported about $295 million in losses from the April 1 hack. Drift said in June that a forensic investigation by cybersecurity firm Mandiant attributed the attack to UNC6862, a North Korean threat group. Drift opened claims and redemptions for DFX recovery tokens on Oct. 1. The tokens give affected users a claim on a recovery pool, which held about $3.1 million at launch and receives exchange revenue and any recovered funds.

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