Nine public companies, including Cerebras Systems, AppLovin, Applied Digital, Rocket Lab, CoreWeave, Verizon, Applied Optoelectronics, Broadcom and UnitedHealth Group, have objected to their shares being offered as blockchain tokens on a proposed platform backed by OKX and Intercontinental Exchange, according to a notice from the two firms, which gave no reasons. The joint venture, co-chaired by former New York Governor Andrew Cuomo, filed with the SEC on October 4 under the September 17 Innovation Exemption, which lets qualifying venues trade tokenized securities without registering as traditional exchanges. The proposal names more than 60 companies, including Nvidia, Tesla, Apple, Microsoft, Coinbase and Robinhood, with trades settled in stablecoins on OKX's XLayer blockchain after identity and sanctions checks. Companies have 30 days to object, and any objection stops the venue from listing that company's tokenized shares.
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