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Apple and Home Depot join list of objectors to tokenized stock plan pushed by NYSE owner
Boeing also joined the list of dozens of companies refusing to participate in the venture cochaired by former New York Gov. Andrew Cuomo.
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A joint venture aiming to put U.S. stocks on the blockchain has drawn objections from many public companies. Led by crypto firm OKX and the owner of the NYSE, and cochaired by former New York Governor Andrew Cuomo, it planned nonstop trading in tokenized versions of 62 companies' shares. As of Thursday, 54 of those firms had objected, with Boeing and ServiceNow joining Wednesday after Apple, Home Depot and GE Vernova. Earlier objectors include Microsoft, Alphabet, Nvidia, JPMorgan Chase and Walmart. OKXICE declined to say whether the objections would affect its launch. A temporary SEC exemption lets qualifying platforms trade tokenized stocks without a company's permission, though firms have 30 days from notice to object and block a listing.
Why it matters: It shows that public companies can object to tokenized versions of their shares under the SEC exemption, leaving the venture's launch uncertain.
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