Intel, Oracle, IBM Object to OKX–ICE Tokenized Stock Plan as Opposition Grows to 26

Intel, Oracle, and IBM have joined a growing list of firms objecting to the OKX–ICE joint venture's plan to tokenize stocks, bringing the total number of objections to 26. The objections were filed in response to the venture's proposal to test the SEC's new framework for blockchain-based stock trading, a move that could reshape how equities are traded in the U.S. The three tech giants join other major companies in raising concerns about market integrity, investor protection, and the potential for increased volatility. The OKX–ICE venture, a partnership between crypto exchange OKX and Intercontinental Exchange (ICE), aims to offer tokenized versions of publicly traded stocks, allowing investors to trade them 24/7 on blockchain rails. Proponents argue that tokenization could increase liquidity and accessibility, but critics worry about regulatory gaps and the risk of market manipulation. The SEC has been cautious in its approach to digital asset securities, and the agency's new framework is seen as a test case for how traditional finance and blockchain can coexist. With 26 objections now on record, the joint venture faces significant hurdles in gaining regulatory approval. The growing opposition signals that major corporations are wary of disrupting the established equities market without stronger safeguards. As the SEC weighs the proposal, the outcome could set a precedent for the future of tokenized assets in the United States.