According to Cointelegraph, nine public companies have objected to the proposal by OKX and ICE to offer their shares in tokenized form on a blockchain-based market. The objection comes as the two platforms explore creating a market where stocks are represented by digital tokens rather than traditional share certificates or electronic records.
The move would involve converting existing publicly traded company shares into digital tokens that track ownership and may be transferred, held, or potentially traded on the platform’s infrastructure. The companies expressed concerns through formal communication to the regulators involved, indicating they do not consent to having their equity issued or managed in this tokenized format under the current arrangement.
OKX and ICE have previously discussed the possibility of launching a blockchain-based trading environment that includes tokenized representations of stocks. This development appears to be in early stages, with no public exchange launch date announced. The companies’ response suggests they are evaluating the regulatory, operational, and governance implications of such a structure.
The objection does not halt the platforms’ broader exploration of blockchain-based market infrastructure but signals pushback from listed issuers who retain rights over how their securities are offered and administered. Regulatory clarity around tokenized equity remains an open issue for both exchanges and public companies.
