Walmart and other large firms are objecting to plans to trade their shares on the OKX–ICE tokenized stock venue, according to multiple reports. The objections add to an accumulating list of companies opposing the setup.
Across the outlets, counts vary by timing: Decrypt and CoinDesk report Walmart and Eli Lilly and Cigna among those pushing back, while CoinDesk notes additional objections that bring the total to 38 as a rival Canton venue prepares to launch using an issuer-sponsored stock structure under the SEC’s innovation exemption. Decrypt also reports later additions, listing JPMorgan Chase, Coca-Cola and Dell among more firms objecting, with that update citing 33 total at the time.
The differing angles center on how the objection tally is updated over time and on whether coverage connects the pushback to the broader competitive landscape—specifically, the comparison with the Canton venue and its SEC innovation-exemption approach.
