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22 US Companies Just Blocked Tokenized Versions of Their Stock

22 US Companies Just Blocked Tokenized Versions of Their Stock

Microsoft, Alphabet, Goldman Sachs, Wells Fargo, McDonald's and 17 more objected to their shares trading as tokens on OKXICE, the on-chain venue from ICE and OKX.


Under the SEC's new exemption, a company can block a third-party token of its stock within 30 days of notice. It gets no capital and no fees from the token, but carries the risk if its price breaks away from the stock.


Nvidia, Apple, Tesla and every crypto-linked name on the list haven't objected yet. Their windows close in early November.