regulation ·
Walmart, Eli Lilly join 38 companies opposing OKX-ICE tokenized stock plans
Walmart and Eli Lilly are joining an increasing resistance to OKX's plans involving tokenized stock.
The opposition has grown, with five additional corporations voicing their objections. This brings the total number of dissenting entities to 38.
This pushback occurs as a competing Canton venue readies its launch. This venue intends to debut with an issuer-sponsored stock, operating under the SEC's innovation exemption.
The involvement of these major corporations signals a developing regulatory and market dynamic.
This growing dissent reflects a broader scrutiny regarding the structure of tokenized securities offerings.
Earlier coverage
Reported by CoinDesk.
Topics: regulation, exchange.
