Goldman Sachs · Microsoft · SEC · OKX · CoinDesk
Microsoft, Alphabet and Goldman Sachs join objections to OKX-ICE tokenized stock trading
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Microsoft MSFT $531.71 · Market Closed, Alphabet (GOOG, GOOGL) and Goldman Sachs (GS) have objected to having tokenized versions of their shares traded on OKXICE, adding to issuer resistance against the planned stock-trading venue from crypto exchange OKX and New York Stock Exchange parent Intercontinental Exchange (ICE).
Key facts
- The companies appear among seven additional objecting issuers in the joint venture’s updated public notice dated Oct. 19
- The additions bring the disclosed tally to 16 companies, up from nine in last week’s notice
Summary
Microsoft, Alphabet and Goldman Sachs are among seven additional companies objecting to tokenized versions of their shares trading on OKXICE, bringing the disclosed total to 16 issuers. The objections underscore a challenge for the Securities and Exchange Commission’s tokenized-stock framework, which allows issuers to block venues from offering blockchain-based versions of their shares. OKXICE plans to offer round-the-clock, stablecoin-settled trading of tokens backed one-for-one by shares and carrying equivalent dividend and voting rights. The companies appear among seven additional objecting issuers in the joint venture’s updated public notice dated Oct. 19.