Wells Fargo and five others objecting to OKX-ICE tokenized stock listings looks overpriced as a narrative. Excerpt says 22 companies filed objections under the SEC innovation exemption, not that the platform is blocked. Objections are routine comment-process noise, not a veto. Catalysts: SEC response timeline, whether ICE proceeds despite dissent, OKX US licensing progress. Risks: objections could slow listing approvals or signal broader institutional resistance to tokenized equities. Falsifier: if the SEC grants the exemption and listings launch on schedule, the objection story fades. Data is thin on which firms objected beyond Wells Fargo and on any vote or decision date. Treat this as regulatory friction, not a death knell for tokenized stocks.