Wells Fargo, Cisco, Marvell join objections to OKXICE tokenized stock listings
Six more companies objected to tokenized versions of their shares trading on OKXICE, Reuters reported, bringing the total to 22.
Wells Fargo, Cisco and Marvell are among six additional companies that have objected to tokenized versions of their stock being listed on the venue OKXICE, according to a Reuters report. The additions bring the total number of objecting companies to 22.
The named companies in the latest group are:
- Wells Fargo
- Cisco
- Marvell
The report did not identify the other three companies in the new batch of objections. It also did not detail the specific grounds each company gave for opposing the listings.
The dispute illustrates friction between trading venues pursuing tokenized versions of real-world assets and publicly listed companies whose shares are represented in those products. Tokenized equities have attracted growing attention as a way to put traditional securities on-chain, and the objections show that issuers can push back when their stock is wrapped and listed without their agreement.