Major Companies Including Microsoft and McDonald's Object to Tokenized Stock Trading on OKX-ICE

A growing group of 22 public companies, including Microsoft (MSFT), Alphabet (GOOG, GOOGL), Goldman Sachs (GS), and McDonalds (MCD), have objected to having their shares traded on the tokenized-securities venue built by OKX and Intercontinental Exchange (ICE). Under the SEC's framework, issuers have 30 days to object to a venue's notice; silence implies consent, and this decision is irrevocable once trading begins. Tokenization firm Vertalo CEO Dave Hendricks said most companies were unaware of the tokenization until the OKXICE notice, raising questions about share holding, dividend distribution, and voting rights.