Andrew Cuomo, co-chair of the OKX-ICE joint venture, said companies objecting to tokenized-stock trading are showing a normal response to a major market-structure change, according to a BlockBeats flash citing a CoinDesk report.
Issuer consent remains central
Cuomo, who is also an OKX board member and a former New York governor, said the planned model would let issuers choose whether to participate. He said a wait-and-see approach was expected rather than having companies become early participants.
A public notice listed 16 companies opposing tokenized versions of their shares trading on the planned OKX-ICE platform. The seven newly disclosed names were Microsoft, Alphabet, Goldman Sachs, Qualcomm, Caterpillar, McDonald’s and Western Digital. Broadcom, Verizon and UnitedHealth Group had previously been identified as objectors. The platform is planned by OKX and Intercontinental Exchange, the parent of the New York Stock Exchange.
The figures describe the companies identified in the notice at the time of the report; they do not establish a launch date or indicate whether any issuer will later opt in.
Source: BlockBeats flash.