Eight additional companies lodged formal objections to the U.S. Securities and Exchange Commission’s tokenized‑stock framework for the planned OKX‑ICE trading venue, expanding the list of issuers pushing back against the regulator’s proposal.
The objections were filed under the SEC’s framework that would allow tokenized shares of listed equities to be traded on a digital‑asset exchange, a model that has faced criticism from issuers concerned about market integrity and regulatory oversight.
In a separate development, Nasdaq announced it will opt out of participation in the SEC’s tokenized‑stock framework, joining other market participants that have expressed reservations about the structure and its potential impact on traditional market operations.
The combined issuer resistance and Nasdaq’s decision underscore a broader hesitancy among established market actors to embrace tokenized equity trading under the current regulatory design, suggesting that the SEC may need to address issuer concerns before the framework can gain traction.
Market participants will likely monitor further filings of objections and any statements from the SEC regarding possible revisions to the framework, as well as the response from other exchanges that may reconsider involvement.
This story was compiled by the Tradexus News Desk with the help of AI.
