Microsoft, Alphabet and Goldman Sachs bar their shares from the OKX-ICE tokenized stock venue as objectors reach 16

Seven more big names have barred their shares from the tokenized stock venue that OKX and Intercontinental Exchange plan to run under the SEC's innovation exemption. Microsoft, Alphabet, Goldman Sachs, Qualcomm, Caterpillar, McDonald's and Western Digital appear as new objectors in OKXICE's updated public notice dated October 19, according to CoinDesk and Unchained. That brings the disclosed total to 16 companies, up from the nine reported last week, when Broadcom, Verizon, UnitedHealth, CoreWeave, AppLovin, Applied Digital, Rocket Lab, Applied Optoelectronics and Cerebras were named.

The notice does not explain the objections or say when they were lodged, per CoinDesk. Of the 62 companies on OKXICE's original roster of 63 tickers, 15 have now opted out, leaving 47 with no disclosed objection; Unchained lists Nvidia, Tesla, Apple, Amazon, Coinbase and JPMorgan Chase among them. Cerebras, the 16th objector, was not on the original list.

The mechanism comes from the SEC's September 17 exemption order for tokenized securities venues, per Unchained. A venue may list a token backed by another company's shares only after giving that issuer written notice and waiting at least 30 days; a written objection in that window blocks the listing, and the venue has five business days to disclose it. OKXICE, announced October 5, plans round-the-clock trading of tokens backed one for one by shares, with dividend and voting rights, settled in stablecoins, per CoinDesk.

OKXICE has given no launch date, per Unchained.