Broadcom and 8 Other US-Listed Companies Object to OKX and NYSE Parent’s Stock Token Market — BigGo Finance

Nine US-listed companies have objected to the handling of their own shares on the stock token market planned by OKXICE, a joint venture between crypto exchange OKX and Intercontinental Exchange (ICE), which owns the New York Stock Exchange (NYSE). The objections were disclosed in documents OKXICE published on the 15th. The move marks an unusual situation in which target companies are putting the brakes on the service just before its launch.

The nine companies that raised objections are CoreWeave (CRWV), Broadcom (AVGO), Verizon (VZ), Cerebras Systems (CBRS), AppLovin (APP), Applied Digital (APLD), Rocket Lab (RKLB), Applied Optoelectronics (AAOI) and UnitedHealth Group (UNH). All are listed on US markets, spanning industries from semiconductors to telecommunications and healthcare.

OKXICE aims to create a market where “stock tokens” — issued with actual shares as backing — can be bought and sold with stablecoins. In the plan announced on October 4, it targeted more than 60 US…