Boeing, ServiceNow and Nebius object to OKX and ICE share tokenization, raising total to 62
Boeing, ServiceNow and Nebius Group have formally objected to the tokenized trading of their shares on OKXICE TSV, bringing the venue's total count of objecting stock issuers to 62.
Boeing, ServiceNow and Nebius Group have moved to block their shares from trading on OKXICE TSV, the planned tokenized stock venue co-owned by Intercontinental Exchange and OKX, according to venue filings and reports citing Eleanor Terrett. The three additions raise the total tally of objecting public companies to 62.[1][2][3]
The objections, listed in an OKXICE TSV public notice dated Nov. 4, followed filings that added Apple, The Home Depot and GE Vernova when the list stood at 59, according to Unchained. The roster of objectors has rapidly climbed from nine in mid-October to 56 on Nov. 2, with no company removing itself so far. The Nov. 4 notice gave no specific reasons for the pushback, though other major financial institutions, including Goldman Sachs, are also on the objection list.[1]
Under a Securities and Exchange Commission exemptive order issued Sept. 17, tokenized securities venues must provide issuers a 30-day notice window before listing third-party share tokens. Submitting a written objection inside that window keeps the asset off the platform. Addressing company pushback on an Oct. 29 press call, joint venture co-chair Andrew Cuomo stated that many companies would adopt a wait-and-see position. OKXICE LLC is a Texas-based entity owned equally by ICE and OKC USA Holding Inc., planning to operate permissioned Uniswap v4 pools on XLayer using venue-issued soulbound tokens, though no launch date has been announced.[1]
Key facts
- Boeing, ServiceNow, and Nebius Group submitted objections against the tokenized trading of their shares on OKXICE TSV.
- The additions brought the total number of objecting issuers on OKXICE TSV to 62.
- The list of objectors expanded from nine in mid-October to 56 on Nov. 2 and 59 on Nov. 3.
- Under a Sept. 17 SEC exemptive order, a written objection within a 30-calendar-day notice window keeps an issuer's shares off the venue.
- OKXICE LLC is a Texas company owned 50% by Intercontinental Exchange and 50% by OKC USA Holding Inc.
- The platform plans to trade tokenized stocks against payment stablecoins in permissioned Uniswap v4 pools on XLayer, but has not yet announced a launch date.
Sources · 3 sources
- UN
UnchainedArticle ·
Boeing, ServiceNow and Nebius Keep Their Stock Off ICE-OKX Token Venue, Lifting Objectors to 62 About 62 companies have now objected to tokenized trading of their shares on OKXICE TSV , the planned onchain stock venue owned by Intercontinental Exchange (ICE) and OKX, according to a public notice the venue dated Nov. 4. The newest names on the list are Boeing , ServiceNow and Nebius Group . They follow Apple , The Home Depot and GE Vernova , whose objections first appeared in the venue’s Nov. 3 notice, when Unchained counted 59 objectors . By Unchained’s count of the venue’s filings, the list stood at 56 on Nov. 2 and at nine in mid-October . No company has come off it. The Nov. 4 notice gives no reasons for any objection. Lumida Wealth founder Ram Ahluwalia offered one explanation when he spoke on Unchained’s Bits + Bips on Nov. 2. “The issuers like to control their stock. They know their buyer base. They know who their beneficial owners are,” he said. On the same episode, he said firms whose businesses touch the trade have their own reasons: “If you’re Goldman Sachs, you’re providing financing on these assets, you’re supposed to object.” Goldman Sachs is on the venue’s list. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . What an Objection Does The Securities and Exchange Commission’s exemptive order for tokenized securities venues, dated Sept. 17, sets the rules. Before a venue lists a token of a company’s stock created by an unaffiliated third party, it must send that company written notice, and trading cannot start for at least 30 calendar days after the company receives it. A written objection inside that window keeps the token off the venue, which then has five business days to publish a revised notice. The order lists concerns an issuer might weigh, including “the risk of maintaining its shareholder register related to onchain transfers” and possible effects on the price of the underlying stock. Andrew Cuomo, who co-chairs the joint venture, said on a press call with reporters on Oct. 29 that “you’ll have a lot of companies that take the position I want to wait and see.” How the Venue Works OKXICE LLC, a Texas company owned 50% by ICE and 50% by OKC USA Holding Inc., runs the venue. Tokenized stocks are set to trade against supported payment stablecoins in permissioned Uniswap v4 pools on XLayer, open only to wallets that hold a soulbound token the venue issues. The venture has yet to disclose a launch date. Related Listen: Robinhood Tokenized AMC Stock Without Asking. It’s Not Illegal, but Should It Be? The post Boeing, ServiceNow and Nebius Keep Their Stock Off ICE-OKX Token Venue, Lifting Objectors to 62 appeared first on Unchained .
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🚨 UPDATE: Three more issuers, Nebius, Boeing, and ServiceNow, have objected to OKX and ICE’s plan to tokenize their shares, which lifts the total to 62, per Eleanor Terrett. https://t.co/CRBqhghPjM
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Three more companies — Boeing, ServiceNow, and Nebius — are now opposing the tokenized trading of their shares on OKXICE. The number of objecting firms has risen to 62. https://t.co/WEGgIWn8q8
Open source