Nine major issuers object to OKXICE TSV tokenized stock platform

Nine issuers including Verizon, Broadcom, and UnitedHealth Group have objected to having their shares traded on OKXICE TSV, a planned tokenized stock venue from OKX and ICE. The notice states the platform is not registered with the SEC and is not subject to Regulation NMS. Nasdaq has opted its own shares out of the SEC's innovation exemption due to concerns over real-time pricing and trade reporting. OKXICE plans to trade tokenized U.S. stocks 24/7 using Uniswap v4 liquidity pools, but trading is capped at a small fraction of normal volume and administrators can upgrade smart contracts without notice.