By Isaiah Richard
Publication Date: 2026-10-26 07:00:00
A bold plan to bring round-the-clock trading of major company stocks onto cryptocurrency platforms has run into a wall of corporate resistance from the likes of Microsoft, McDonald’s, Alphabet, and more.
The list of companies pushing back keeps growing, and some of the biggest names in the world are now formally on record against it.
Companies Reject Stock Tokenization
A total of 16 publicly traded companies have now filed formal objections to plans by OKXICE, a tokenized stock trading venue backed by former New York Governor Andrew Cuomo, to list blockchain-based versions of their shares, as per Reuters. OKXICE is a joint venture between crypto exchange OKX and Intercontinental Exchange, the parent company of the New York Stock Exchange.
The objections have arrived in waves across multiple weeks. Nine companies filed the first round of objections, including Cerebras Systems, AppLovin, Applied Digital, Rocket Lab, CoreWeave, Verizon, Applied Optoelectronics, Broadcom, and UnitedHealth…
