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RWA Regulation

CoreWeave, Broadcom Join Objections to OKX-ICE Stock Tokenization

CoreWeave and Broadcom have joined the objections to the OKX-ICE stock tokenization venture, bringing the disclosed total to nine issuer objections. Each objection bars the affected stock token from trading under the SEC’s conditional exemption. The venture, a partnership between OKX and Intercontinental Exchange, has not said how it will proceed for the blocked tokens.

Original source

AI take

The objections carry real weight because they are not merely rhetorical: each one automatically disables the affected token under the SEC's conditional exemption, turning issuer consent into a de facto gate on which equities can be tokenized at all. That shifts leverage toward issuers and their counsel, who can effectively veto individual tokens without any regulatory action. For OKX and ICE, the unanswered question is whether they renegotiate token-by-token, restructure the offering, or proceed with a shrinking universe of names — and whether other issuers follow CoreWeave and Broadcom in objecting.

Generated by AI for reference only.

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