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Wells Fargo, Arm and Intuit Reject Tokenized Shares on OKX-ICE

Six more companies, including Wells Fargo, Arm Holdings and Intuit, have told the joint venture of OKX and Intercontinental Exchange that they will not allow their shares to be tokenized on its platform, Reuters reported. The new objections bring the total to 22 companies, and the reasons were not stated. The venture, OKXICE, planned to tokenize 63 stocks and filed with the SEC under its new innovation exemption, which requires advance notice and bars listing if an issuer objects. The article notes the objections apply to the OKXICE venue and do not necessarily mean the companies oppose all forms of stock tokenization.

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