Intel (INTC), IBM Among 26 Issuers Objecting to OKXICE Tokenized Stock Plan

Four More Issuers File Objections

Twenty-six companies have now formally objected to having their shares listed in tokenized form on a planned OKX-linked venue, after Intel (INTC), Oracle, IBM and IonQ filed the latest objections in an update published on Monday. The updated public notice dated October 26 came from OKXICE, the joint venture between crypto exchange OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. All four new objectors appeared on the 62-company candidate list OKXICE put forward when it unveiled the plan on October 4, which means roughly 41 percent of the proposed issuers have so far opted out. Microsoft, Alphabet, Goldman Sachs, Cisco and Wells Fargo had already filed objections in earlier updates.

The objections run through a defined regulatory channel. In September, the U.S. Securities and Exchange Commission (SEC) introduced the Innovation Exemption, a five-year conditional relief that allows qualifying venues to offer limited trading in tokenized versions of National Market System stocks. The framework gives issuers a direct veto over third-party listings of their own equity. A venue must notify a company in advance and reserve a 30-calendar-day window for objections, and any objection filed inside that period bars the tokenized version of that company's shares from trading under the exemption. OKXICE's notice places the four technology names inside that disclosure process. For the issuers, the stakes are direct. A tokenized stock is a blockchain-based representation of a listed share, and under the exemption such instruments would change hands on the venture's venue rather than through traditional market plumbing. Each company that objects removes its own equity from that pool, shrinking the addressable list for OKXICE's launch. The four names span chips, software, enterprise computing and quantum hardware, giving the objection list coverage across several technology sectors.

Inside the XLayer Trading Design

The venue itself would not look like a conventional exchange. OKXICE intends to run trading on XLayer, OKX's own blockchain, using liquidity pools built on Uniswap v4, a decentralized DEX protocol, rather than a central limit order book. An automated market maker would match flow, settlement would take place in stablecoins, and only participants who complete identity verification would be allowed to trade. The company announced the design on October 4 as part of its filing with the SEC under the innovation exemption. The AMM structure means pricing comes from pooled liquidity rather than matched orders, a design borrowed from on-chain markets that shifts execution risk to liquidity providers. OKXICE has not disclosed launch dates for the venue, and the October 26 notice covers only the objection roster, not a trading schedule.

The pushback from issuers sits alongside competing moves in traditional markets. In September, Nasdaq issued guidance for companies weighing the innovation exemption, telling them to be cautious about participation. The same month, Nasdaq invested $100 million in Payward, the parent of crypto platform Kraken, as part of its own push into tokenized assets. That leaves the largest US listing venues on opposite sides of the question, with Nasdaq building its own route into tokenized equities while steering issuers away from rival venues offering tokenized stock trading. Andrew Cuomo, the former New York governor who co-chairs OKXICE, framed the objections as expected. He called the companies' response a “very natural response” and said he expects more names to be added to the list as the process runs. For readers who want to look at the exchange behind the venture, our guide to buying Bitcoin on OKX walks through account setup and funding.

INTC and IBM After the Update

COINOTAG data shows how the two newest objectors are trading after the update. Intel trades at $93.82, up 2.55% over 24 hours, with a daily trend reading of sideways and the RSI at 44.5; the nearest resistance overhead sits at $94.83, which COINOTAG's composite scoring rates 82 out of 100. IBM changed hands at $250.16, down 1.23%, inside a daily uptrend with the RSI at 68.7, and its closest resistance at $255.34 carries a score of 89 out of 100. Perpetual open interest on Intel stands near $121.7 million. On the latest readings, both underlyings set their levels from flows unrelated to the objection list, and IBM's uptrend remains the firmer daily picture of the two.