Nine listed companies, including Cerebras Systems, AppLovin, Broadcom and UnitedHealth Group, have formally objected to their shares being offered in tokenized form on a proposed platform backed by OKX and Intercontinental Exchange (ICE), parent of the NYSE, according to a Thursday notice from the two firms. The notice did not give a reason. Under the SEC's Sept. 17 innovation exemption, tokenized venues must give issuers written notice and a chance to object before listing third-party tokenized stocks. Analysts quoted say issuers worry about price effects once shares trade on-chain, and that the objection targets tokenization without consent rather than tokenization in general. OKX had not responded to Cointelegraph's request for comment by publication, while more than $754 million has moved onchain in the past 30 days, lifting stablecoin and tokenized asset totals to $320 billion.
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