An OKXICE filing names 59 companies objecting to tokens tied to their shares, narrowing which third-party stock tokens the planned venue can offer under a U.S. securities exemption.
The Nov. 3 notice includes Apple, The Home Depot and GE Vernova among the objecting issuers. EconoTimes has tracked earlier objections at the planned venue.
Under a Securities and Exchange Commission order issued Sept. 17, an eligible venue must wait at least 30 calendar days after an issuer receives written notice before offering an unaffiliated third party’s token of that issuer’s stock. If the issuer objects in writing by the 30th day, the venue cannot offer that issuer’s token under the exemption.
The restriction applies to the objecting issuer’s stock token, not every unaffiliated token at the venue. The OKXICE notice says the venue may offer tokens created by an issuer. Separately, the SEC order includes stock tokenized by or on behalf of an issuer in its definition of eligible tokenized stock, subject to the order’s conditions.
The notice gives no reason for the objections and announces no trading start date.
