Nine listed companies object to OKX and ICE tokenized stock plan

Nine listed companies including Cerebras Systems, Applied Digital, and CoreWeave have formally objected to having their shares offered in tokenized form on the OKX-ICE platform. The objection stems from concerns that issuers do not know what happens to their share price once it trades on a public blockchain, where order setting is controlled by validators rather than traditional market mechanisms. The companies argue that without knowing price execution, best execution remains a promise rather than a verifiable number.