- Corporate resistance to tokenized stock trading on major exchanges
- ICE and NYSE are partnering to offer tokenized U.S. stocks and ETFs, pending regulatory approval.
Major Tech Firms Object to Tokenized Stock Trading on ICE/NYSE
- Reports
- 2
- Developments
- 2
- Repetition
- 0%
New informationRepeats or wire copies
What happened
A growing number of public companies have formally objected to having their shares traded on a tokenized securities venue being built by OKX and Intercontinental Exchange. As of October 23, 2026, the total number of objecting issuers reached 22. Companies that objected include Microsoft, Alphabet Inc., and Goldman Sachs, alongside Broadcom and CoreWeave.
From memeburn.com, coindesk.com
Why it matters
The pushback from major issuers signals caution regarding the implementation of the Securities and Exchange Commission's new framework for tokenized stock trading. The objections challenge the viability of the tokenized securities venue being developed by Intercontinental Exchange and OKX.
Intercontinental Exchange and the New York Stock Exchange are partnering to offer tokenized U.S. stocks and ETFs, pending regulatory approval.
From memeburn.com, coindesk.com
Who's involved
- MicrosoftObjected to tokenized stock trading on the new venue.
- CoreWeaveObjected to tokenized stock trading on the new venue.
- BroadcomObjected to tokenized stock trading on the new venue.
- OKXOperates the tokenized securities venue with Intercontinental Exchange.
- New York Stock ExchangePartnering with Intercontinental Exchange on the tokenized venue.
- Securities and Exchange CommissionThe government agency whose new framework is being tested by the objections.
- Intercontinental ExchangePartnering with the New York Stock Exchange to offer tokenized stocks.
How it developed
Newest first. Tap a step to see who reported it.CoreWeave, Broadcom, and Microsoft object to tokenized stock trading on ICE/NYSE.1 source
Multiple firms object to tokenized stock trading, citing SEC framework concerns.1 source
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The entities involved
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Microsoft
American multinational technology corporation
- Megacap tech companies (Microsoft, Amazon) are facing market scrutiny as capital shifts from Bitcoin into energy markets, driven by FED decisions and Brent crude prices.
- Nvidia has strategic investments in Nebius Group, which is competing in the data center market against Oracle, alongside the presence of CoreWeave and OpenAI.
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CoreWeave
American cloud computing company
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Broadcom
American semiconductor manufacturer
Related events
- Goldman Sachs noted that hedge funds are selling stocks related to artificial intelligence.
- Goldman Sachs predicts an AI capex supercycle as major tech giants Microsoft, Meta, and Amazon capitalize on the AI boom.
- Broadcom and Applied Optoelectronics object to the OKX-ICE tokenized stock listing, and Nasdaq opts out of the framework.
- Major semiconductor companies like AMD and Intel are benefiting from AI growth, with analysts upgrading CoreWeave stock.
- Microsoft and Apple shares are being tokenized on the Solana network and traded on the New York Stock Exchange.