TREE NEWS reports: Thirty-eight companies have objected to the tokenization of their shares through the TSV platform run by OKX and ICE, 23 of them listed on Nasdaq. Nasdaq has reportedly warned issuers listed on its exchange against participating in the TSV scheme. The exchange has said it is concerned about tokenized shares trading outside traditional market structure and has no plans to launch TSV, while pursuing a separate tokenization model with Kraken targeted for the second quarter of 2027.
38 companies oppose OKX-ICE TSV tokenized shares; 23 are Nasdaq-listed
AI take
The notable point is not the number of objectors but the split in venue politics: a major exchange is publicly steering its own issuers away from a third-party tokenization scheme while building a rival model of its own. That puts listed companies in the middle, caught between a platform promising tokenized distribution and the exchange that governs their listing. Whether Nasdaq's stance hardens into formal listing conditions, and whether issuers named publicly stay in the TSV scheme, is the open question.
Generated by AI for reference only.
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