Nasdaq Accused of Lobbying 23 Listed Firms Against OKX and ICE’s Tokenized Stocks

Nasdaq is accused of urging 23 listed companies to oppose OKXICE’s tokenized stock plans as 38 firms raise objections to the proposed blockchain trading platform. The push to bring traditional stocks onto blockchain-based trading platforms is facing growing resistance from major financial institutions, with questions over shareholder rights, market oversight, and control of publicly traded shares becoming increasingly difficult to ignore. Nasdaq is now facing accusations that it has encouraged companies listed on its exchange to oppose a tokenized stock initiative backed by cryptocurrency exchange OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange.