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RWA Regulation

16 Companies Block Tokenized Shares on OKX-ICE Venue

Seven more companies, including Microsoft and Alphabet, have refused to let their shares be tokenized on the planned 24/7 trading venue from the ICE and OKX joint venture, bringing total objections to 16. Under SEC conditions governing the venue, those refusals keep the companies’ stock tokens off the platform. The updated notice did not specify which other firms joined the list.

Original source

AI take

The opt-out mechanism is doing real work here: the SEC conditions make issuer refusal binding, so tokenized-equity venues may launch with a narrower universe than promoters implied. That shifts the build-out burden onto the venue and its partners, who must now source liquidity from a smaller pool of consenting issuers while major names sit out. The unanswered question is whether refusals cluster among large caps by principle or by caution, since the notice names only some objectors. Whether the opt-out list keeps growing before launch is the open signal to watch.

Generated by AI for reference only.

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