On October 21, 2026, Fortune reported that Microsoft, Alphabet and five other companies had joined nine previously disclosed objectors to OKXICE’s proposed tokenized-stock venue, bringing the reported total to 16. The objections concern trading on that venue under a described SEC exemption.
The companies named in the reports
The seven companies in the newly reported group were Microsoft, Alphabet, Goldman Sachs, Caterpillar, McDonald’s, Qualcomm and Western Digital. Fortune had previously named nine others: Cerebras Systems, AppLovin, Applied Digital, Rocket Lab, CoreWeave, Verizon, Applied Optoelectronics, Broadcom and UnitedHealth Group.
What an objection means for OKXICE
Fortune described a 30-day period, starting when a company receives notice, in which it can object to its shares being traded through OKXICE under the exemption. Erin Martin, a Morgan Lewis partner who co-leads the firm’s fintech and digital-assets work, told Fortune that if a company does not object within that period, the venue may proceed with tokenizing and listing its securities under the process she described.
An objection applies to that issuer’s shares on OKXICE under the exemption. Fortune said it does not, by itself, prevent tokenized versions from being offered elsewhere or through other legal arrangements.
The proposed stock-token venue
OKXICE is a partnership between crypto exchange OKX and Intercontinental Exchange (ICE). Its reported plan was to offer round-the-clock trading in blockchain-based representations of 63 U.S.-listed stocks. The objections concern that proposed venue and process.
Applied Optoelectronics, one of the previously named objectors, gave Fortune a reason for its decision. A company spokesperson cited uncertainty around pricing, liquidity and volatility, along with concern that investors might mistakenly believe the company sponsored or endorsed an offering.
