Hardware Ready Ready to Bench?
On October 24, 2026, six new companies added their shares to the official list of objections against the listing of tokenized versions of stocks on the OKXICE TSV platform. Among the most notable names are Wells Fargo, Cisco Systems, and Marvell Technology. With these latest additions, the total number of companies opposing the plan has risen to 22.
Why it matters
OKXICE TSV was established as a 50-50 joint venture between Intercontinental Exchange (ICE), the parent company of the NYSE, and OKX’s US holding. The platform plans to offer trading in tokenized US stocks available 24 hours a day, seven days a week, operating through Uniswap v4 liquidity pools on the XLayer blockchain, paired with stablecoins such as USDC. The project is moving within an innovation exemption granted by the SEC (Securities and Exchange Commission), announced in September after the Clarity Act stalled in the Senate.
The move by major corporations reflects institutional caution toward this new model. Nasdaq has officially stated that it will exclude its own shares from the SEC’s innovation exemption, effectively aligning with the opposing position. On the other hand, according to the International Monetary Fund (IMF), there is real demand for tokenized stocks, particularly during traditional market closing hours.
The numbers
On October 15, nine companies had registered objections; the count rose to 16 on October 19. With the update to the public notice released on Friday, the number of objections reached 22. Sources agree on the total of 22 companies and the six new additions reported in the latest update.
What remains unclear
The specific motivations driving these companies to object are not detailed in the public notices. Furthermore, it is not yet clear what practical effect a formal objection has on the concrete possibility of a stock actually being traded on the platform. Technical doubts also remain: the venue does not use circuit breakers, lacks policies on maximum extractable value (MEV), and administrators can update smart contracts without prior notice to users.
Sources: CoinDesk, Decrypt, Cointelegraph.
This article is for informational purposes only and does not constitute financial advice or an investment recommendation.
* Content created with the assistance of artificial intelligence systems.