Microsoft, Alphabet, Goldman Sachs Join Growing List of Companies Objecting to Tokenized Stocks

The corporate backlash against tokenized stocks is snowballing.

Seven more companies, including Microsoft, Google parent Alphabet, and Goldman Sachs, have objected to having their shares traded on OKXICE TSV, according to an updated public notice dated Monday.

OKXICE TSV is a planned tokenized stock venue from OKX and NYSE owner Intercontinental Exchange. Qualcomm, Caterpillar, McDonald’s, and Western Digital also joined the list.

That brings the total to 16 objecting issuers, up from nine in the venue’s previous notice just four days earlier. The earlier group included Verizon, Broadcom, UnitedHealth Group, CoreWeave and Rocket Lab. Neither notice explains the companies’ reasons or whether objecting keeps a stock off the platform.

Goldman’s inclusion stands out, given the bank’s own investments in blockchain-based markets.

The updated notice also…