← Latest News · 2026-10-29 edition
Walmart and Others Oppose OKX-ICE Tokenized Stock Plans
Walmart and other major companies oppose their stocks' inclusion on OKX-ICE's tokenized trading platform. This adds to 38 objections.
Walmart, along with Eli Lilly, Cigna, Carnival, and Arcos Dorados, has opposed the inclusion of their shares on the proposed OKX-ICE tokenized stock trading platform. This move adds these companies to a growing list of 38 firms that have expressed objections to the trading of their stocks on this venue.
The objections from these companies highlight concerns over the trading of tokenized stocks without their consent. The pushback comes as the Canton venue, a competitor, is set to launch with stocks that are issuer-sponsored under an exemption from the U.S. Securities and Exchange Commission (SEC). This suggests a preference among some companies for more regulated and issuer-controlled environments for tokenized stock trading.
According to Decrypt and CoinDesk, the resistance from these major companies underscores the challenges faced by the OKX-ICE platform in gaining acceptance from publicly traded firms. The Canton venue's approach, which involves SEC exemptions, may offer a more appealing alternative for companies wary of unauthorized tokenized trading of their shares.
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This article was generated by AI based on public information and is for reference only. It does not constitute investment advice.