Regulation· ★★★· neutral·

Nine issuers object to tokenized share trading on OKXICE

  • —Nine issuers are named: Broadcom, CoreWeave, Verizon, Cerebras, AppLovin, Applied Digital, Rocket Lab, Applied Optoelectronics and UnitedHealth
  • —OKXICE says tokens are backed one-for-one by shares held via a broker-dealer and carry the same economic and voting rights
  • —Trading uses XLayer smart contracts with pools against stablecoins and approved wallet credentials
  • —The notice does not explain why each company objected
Why it matters: The dispute sets a precedent: issuers can push back on tokenization of their stock, shaping how the tokenized-equity market develops.
Source: Bitcoin Insider
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