Digital Currency / Law

Add as a preferred source on Google

SEC Order Limits OKXICE Objections to Specific Third-Party Stock Tokens

A Nov. 3 notice listed 59 companies objecting to tokens tied to their shares. The order does not bar other tokenization arrangements.

Updated 1 min read
Pedestrians pass the U.S. Securities and Exchange Commission headquarters in Washington, D.C. / EconoTimes.ai
Pedestrians pass the U.S. Securities and Exchange Commission headquarters in Washington, D.C. / EconoTimes.ai

The Nov. 3 OKXICE notice identified 59 companies objecting to third-party tokens tied to their shares, a list that limits planned trading on the venue without barring issuer-created tokens.

OKXICE is a planned securities venue formed by crypto exchange OKX and Intercontinental Exchange (ICE). Its proposal has separate channels for third-party share tokens and tokens created by or for the companies whose shares they represent.

The Nov. 3 notice followed a Nov. 2 notice listing 56 objectors, an earlier stage in the count EconoTimes covered in its report on the 56-company filing.

Under the SEC order, an objection applies to a particular third-party tokenized stock on a particular venue. A timely objection bars that stock from trading on that venue, while leaving other tokenization arrangements beyond its scope.

OKXICE’s public notice page lists a Nov. 5 notice as its latest entry. The 59-company figure refers specifically to the Nov. 3 filing.

Related articles

View all