IBM, Oracle and Intel join opposition, 26 issuers block OKXICE tokenized stocks

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IBM, Oracle, Intel and IonQ have told the SEC that they oppose OKXICE offering third-party tokenized versions of their stocks, bringing the number of issuers opposing the plan to 26. The SEC’s September 17 order allows trading platforms to offer tokenized versions of stocks listed on the NYSE or Nasdaq under an exemption through September 17, 2031; the period for issuers to submit written objections is currently 30 calendar days. SIFMA recommends requiring explicit issuer consent, establishing a centralized objection system, and extending the period to 90 days.