Wells Fargo, Cisco, Marvell among latest firms objecting to OKXICE's tokenized stock plan
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Oct 24, 2026, 10:06 a.m. EDT2 min readAndrew Cuomo, co-chair of OKX-ICE and board member of OKX (Getty Images)SummaryCisco, Wells Fargo, Marvell, Arm, Intuit and Moderna opted out of OKXICE’s plans to offer blockchain-based trading of their tokenized shares, bringing the total number of objections to 22. The growing list highlights a hurdle for the joint venture of the crypto exchange and NYSE parent under the SEC’s new framework, which gives issuers 30 days to block their shares from trading on a tokenized securities venue. OKXICE co-chairman Andrew Cuomo said objections were expected, with many companies preferring to wait and see how the new market works before participating. Cisco (CSCO), Wells Fargo (WFC) and four other companies have opted out of plans by crypto exchange OKX and New York Stock Exchange parent Intercontinental Exchange (ICE) to offer blockchain-based trading of their shares, bringing the total objections to 22 as issuers weigh participation in the SEC’s new framework for tokenized stocks.
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Wells Fargo and five others object to OKX-ICE tokenized stock listings: Report
Six more companies have reportedly filed objections to having their stocks listed in tokenized form on the proposed platform as part of a joint venture between cryptocurrency exchange OKX and the New York Stock Exchange’s parent company, the Intercontinental Exchange (ICE). According to a Friday Reuters report, the proposed stock platform, called OKXICE, had 22 companies total objecting to having their US stock listings tokenized. Among the most recent objections reportedly included Wells Fargo, Arm Holdings and Intuit, adding their names to Microsoft and Google’s parent company Alphabet in the last week. Notably, 16 of the companies were listed on Nasdaq, while only six of the stocks were available on the NYSE.
Goldman, Wells Fargo, Morgan Stanley see tokenization as a growth play, not a threat
Oct 17, 2026, 1:00 p.m. EDT3 min read(Chris Hondros/Getty Images)SummaryGoldman Sachs sees tokenization as a way to expand its trading business. Wells Fargo says its tokenized deposit system is already processing cross-border payments in two minutes or less. Morgan Stanley is looking to tokenization to create more demand for wealth management advice as investors gain new ways to move assets. Tokenization, or the process of bringing financial and real-world assets onto a blockchain, has been generating headlines in recent months, with a growing number of companies saying they’re offering, or planning to offer, versions of equities, bonds and commodities that can be traded around the clock with few, if any, geographic restrictions. Not surprisingly, Wall Street's biggest banks are also examining the technology, and this week’s third-quarter earnings calls allowed executives the opportunity to voice a clearer picture of where they think the business is headed, though none put a revenue figure on the opportunity. Goldman Sachs (GS), Wells Fargo (WFC) and Morgan Stanley (MS) focused on different aspects of the process: trading opportunities, money transmission and advisory services.
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