Broadcom, Verizon and UnitedHealth object to OKX-ICE tokenized stock listing

Nine companies including Broadcom, Verizon and UnitedHealth have objected to OKX-ICE's planned tokenized stock platform, citing concerns over the SEC's five-year Innovation Exemption framework. The venue plans to offer 24/7 trading of blockchain-based shares backed one-for-one by underlying stocks, but issuer resistance may limit available stocks and discourage institutional investment.