Nine companies said no. This morning I came across this: OKXICE, a joint venture between OKX and NYSE parent ICE, had planned to put 63 U.S. stocks on-chain. Broadcom, Verizon, and UnitedHealth used the 30-day window granted by the SEC to object, accounting for 14.3% of the list. The objections apply only to OKXICE.
The key issue isn’t the objections—it’s pricing. The platform doesn’t use an order book; it matches trades through a stablecoin pool, so prices may diverge from those of the underlying stocks, especially on weekends. Put simply, tokenized stocks aren’t stocks; they’re shares modeled on stock prices. Now we’ll watch to see when the remaining 54 go live. I’m more bullish on $ONDO , which has actual asset reserves backing it. What do you think—are these nine companies being cautious, or should issuers have the final say on this kind of thing?
The key issue isn’t the objections—it’s pricing. The platform doesn’t use an order book; it matches trades through a stablecoin pool, so prices may diverge from those of the underlying stocks, especially on weekends. Put simply, tokenized stocks aren’t stocks; they’re shares modeled on stock prices. Now we’ll watch to see when the remaining 54 go live. I’m more bullish on $ONDO , which has actual asset reserves backing it. What do you think—are these nine companies being cautious, or should issuers have the final say on this kind of thing?