- Sixteen issuers have objected to trading their shares on the planned OKXICE TSV venue, up from nine in the Oct. 15 notice.
- The Oct. 19 notice adds Microsoft, Alphabet, Goldman Sachs, Qualcomm, Caterpillar, McDonald's and Western Digital to the objector list.
- The updated notice says the venue will offer stocks tokenized by either an outside party or the issuer itself, versus third parties only in the Oct. 15 version.
- The venue plans to run 24/7 on Uniswap v4 liquidity pools on OKX's XLayer blockchain, settled in stablecoins such as USDC and USDT.
- OKXICE is set to operate under the SEC innovation exemption, which lets venues trade tokenized U.S. stocks without registering as exchanges.
Quotes
“The document does not explain their reasons or specify when they submitted their objections.”
“Seven more companies, including Microsoft, Google parent Alphabet, and Goldman Sachs, have objected to having their shares traded on OKXICE TSV, according to an updated public notice dated Monday.”