38 Companies Oppose OKX and Intercontinental Exchange Tokenized-Stock Plan

Five companies, including Walmart and Eli Lilly, have publicly opposed OKX and Intercontinental Exchange’s tokenized-stock trading plan, bringing opposition to 38 of the 62 companies initially identified — a majority. The latest public opponents are Walmart, Eli Lilly, Carnival, Arcos Dorados and Cigna. The total had reached 16 after an earlier round of objections . OKX and Intercontinental Exchange are pursuing the plan through their proposed OKXICE venture , which aims to offer around-the-clock trading in tokenized U.S. shares. The plan concerns trading tokens tied to companies’ shares.