Five companies, including Walmart, oppose OKX-ICE tokenized stock exchange
WMT Walmart Inc
$126.16 +0.39%
View chart & analysis → - 1Walmart, Eli Lilly, Cigna Group, Carnival, and Arcos Dorados opposed the stock offerings of OKX-ICE TSV.
- 2The number of opposing companies increased to 38, more than four times the initial list of 9 companies on October 15.
- 3Under the SEC's innovation exemption rule, an exchange cannot trade a stock if a company submits a written opposition within 30 days.
So what's the key point?
Several companies, including Walmart, opposed the trading of their shares in token form. As the number of opposing companies rose to 38, the exchange is now unable to trade these stocks.
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