Six More Companies Opt Out of OKX-ICE Tokenized Stock Venue, Bringing Objections to 22

Cisco, Wells Fargo, Arm Holdings, Moderna, Intuit, and Marvell Technology have formally opted out of OKXICE's proposed blockchain-based stock trading venue, bringing the total number of issuer objections to 22 ¹. The joint venture between crypto exchange OKX and New York Stock Exchange parent Intercontinental Exchange (ICE) disclosed the new filings in an updated public notice ¹.

The additions expand an existing block of corporate resistance ¹. Previous notices revealed that Microsoft, Alphabet, Goldman Sachs and McDonald’s also opted out of the venue ¹. Under the Securities and Exchange Commission's five-year "Innovation Exemption," qualifying tokenized securities venues must provide issuers with a 30-day window to block their equity from trading before launching automated market maker pools ¹. OKXICE issued its initial notice on Oct. 4, outlining plans to host liquidity pools using $UNI on OKX's XLayer network settled in stablecoins ¹.

Roster Adjustments and Sandbox Limitations

OKXICE originally proposed a roster of 62 equities for tokenized trading ¹. While Cisco, Moderna, Intuit, and Marvell were on that list, Wells Fargo and Arm were not among the original selections, mirroring an earlier preemptive objection by Cerebras Systems ¹. Submitting an opt-out notice prevents trading specifically on OKXICE rather than signaling blanket resistance to all tokenization models ¹.

OKXICE co-chairman Andrew Cuomo described the pushback as anticipated, characterizing the venue as a sandbox framework where conservative issuers prefer to observe before participating ¹. "We always anticipated that, because this is such a dramatic and revolutionary change, many companies would want to wait and see how it goes rather than be the first to participate," Cuomo stated ¹. At the time of writing, broader crypto markets held steady with $BTC trading at $80,244 and $ETH at $2,346.