Public companies object to OKX-ICE’s tokenized stock plan

A group of nine publicly traded companies has raised strong objections against a joint initiative by OKX and the Intercontinental Exchange to list tokenized representations of their equities. The backlash highlights a fundamental legal conflict regarding whether decentralized or centralized crypto platforms can issue tokenized equity without direct authorization from the underlying issuers. Corporate leaders argue that unauthorized tokenization creates regulatory and shareholder governance risks. Meanwhile, crypto exchanges view tokenized equities as a bridge toward 24/7 global trading. The outcome of this dispute could set a major legal precedent for real-world asset tokenization.