Intuit, Wells Fargo, Arm object to their shares being tokenized on OKXICE (Reuters); 22 companies now objecting (Oct 23)
What happened
Wells Fargo, Arm and Intuit have joined a growing list of companies objecting to their shares being 'tokenized' on OKXICE, Reuters reported Friday, October 23, citing a regulatory document. The total number of companies that have now objected is 22, the document reportedly states. Corporate issuers Microsoft and Alphabet had already filed objections against having their shares tokenized under the SEC framework, according to DL News.
Why it matters & what’s next are part of Pro, along with the audio summary.
Start your free 14-day trialWho’s affected
- Intuit (INTU: one of the new objectors; minimal direct P&L impact, but signals management attention to tokenized-stock venues)
- Wells Fargo (WFC) and Arm (ARM: fellow new objectors alongside Intuit)
- Microsoft (MSFT) and Alphabet (GOOGL: earlier objectors under the SEC framework, per DL News)
- OKXICE / Securitize and tokenization plays (issuer resistance growing; Securitize shares already -38% since the Solana token launch)