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Story summary
- Microsoft, Alphabet, McDonald’s, Goldman Sachs and Wells Fargo have formally objected to OKXICE’s tokenized share plan.
- Reuters reports at least 22 firms have lodged objections to the joint venture’s stock-tokenization proposal.
- OKXICE, a partnership of OKX and Intercontinental Exchange, intends to trade 63 U.S. stocks under an SEC exemption.
- The exemption permits tokenized NMS stocks to be traded for five years with full dividend and voting rights.