Intel, Oracle, IBM Object to OKX–ICE Tokenized Stock Trading Plans
Source Summary
Intel, Oracle, and IBM have joined 23 other companies in objecting to a joint venture between OKX and ICE (Intercontinental Exchange) that plans to test the SEC's new framework for blockchain-based stock trading. The latest round of objections brings the total count to 26 as the venture prepares to launch its pilot program.
Why it matters
The growing number of objections signals significant industry resistance to the SEC's tokenized securities framework and may influence the regulatory approval and implementation of blockchain-based stock trading.
What remains uncertain
The outcome of the objections and whether the SEC will approve the OKX–ICE pilot program remain unresolved.
