Walmart and Eli Lilly join the revolt against OKXICE as 38 companies now object to their shares trading there as tokens

Five more big names have told OKXICE to leave their shares alone. Walmart, Eli Lilly, Cigna, Carnival and Arcos Dorados were added as objectors in an October 28 update to the venue's public notice, according to CoinDesk and Unchained. That takes the total to 38, from 33 in the October 27 version, which included JPMorgan, AMD and Coca-Cola.

The objections have climbed quickly. Unchained counts 4 on October 8, 16 on October 19, 26 on October 26 and 38 now. CoinDesk says more than half of the 62 companies on OKXICE's original roster have objected; a few objectors, such as Wells Fargo and Arm Holdings, were not on that list.

OKXICE LLC is owned equally by Intercontinental Exchange and an OKX affiliate, and plans round-the-clock trading of tokenized US stocks through permissioned Uniswap v4 pools on X Layer. Under the SEC's innovation exemption, when a third party tokenizes a company's shares the venue must notify the issuer, which has 30 days to object; companies that stay silent cannot withdraw consent later, CoinDesk explains. The notice gives no reasons for the objections and sets no start date for trading, and neither report carried a comment from OKX or ICE.