Walmart, Eli Lilly Join 38 Companies Opposing OKX-ICE Tokenized Stocks
RWA Signal Insight
InfrastructureWalmart, Eli Lilly, Cigna Group, Carnival, and Arcos Dorados have formally objected to the listing of their shares as tokenized assets on the OKXICE TSV trading venue. This development brings the total number of companies opposing the initiative to 38, a significant increase from the nine companies reported on October 15. The OKXICE TSV platform, a joint venture between Intercontinental Exchange and OKX, intends to facilitate 24/7 trading of tokenized U.S. stocks via permissioned Uniswap v4 pools on the XLayer blockchain. Under a September SEC order, companies have 30 days to submit written objections to prevent the listing of their shares by unaffiliated third-party venues. The growing list of objectors spans diverse sectors including retail, finance, health care, and travel, signaling widespread corporate resistance to unauthorized tokenization. This trend highlights the friction between traditional equity issuers and emerging decentralized trading infrastructure. The outcome of these objections will likely set a precedent for how tokenized securities are managed under current regulatory exemptions.
Key points
- 38 companies have now formally objected to tokenized listings on the OKXICE TSV platform.
- SEC rules allow issuers to block third-party tokenized listings via a 30-day objection window.
- OKXICE TSV plans to utilize permissioned Uniswap v4 pools on the XLayer blockchain.
- New objectors include Walmart, Eli Lilly, Cigna Group, Carnival, and Arcos Dorados.
Background
OKXICE TSV is a joint venture between Intercontinental Exchange, the parent company of the New York Stock Exchange, and the crypto exchange OKX. The platform aims to bridge traditional equity markets with decentralized finance by enabling the trading of tokenized U.S. stocks on a permissioned blockchain environment using stablecoins.