Objections to tokenization are increasing: 26 companies have become

The number of large companies objecting to the tokenization of their shares in the USA is increasing day by day. Finally, 4 new companies were added to this group. According to the information provided by the US media The Block, IBM, Oracle, Intel and IonQ objected to being traded in tokenized form within the New York Stock Exchange.

They did not give a reason

With these objections, the number of companies that do not want to be traded on the OKX-ICE platform, which was jointly established by ICE, the parent company of the New York Stock Exchange, has increased to 26. It is also noteworthy that most of the companies do not explain their reasons in their official objection notifications. Therefore, it is not clear whether these giant companies are really opposing tokenization or just the OKX-ICE platform.

SEC grants this permission

As it is known, the US Securities and Exchange Commission (SEC) launched a new system called "Innovation Exemption" in September. According to the system, crypto companies would be able to open tokenized US shares for trading on their platforms. There was no obligation to obtain approval from the companies holding shares for this transaction.

However, these companies were also given the right to object within 30 days. The number of companies making this objection has increased to 26 today. Among these companies, there are world giants such as Microsoft, Alphabet, Goldman Sachs, Coreweave, Wells Fargo and Moderna.

Fear of price change…

Although most companies do not explain the reason for their objection, it is known that one of the biggest reasons is the different prices expected to occur in different markets. For example, Microsoft stock closed at $400 on Nasdaq, while the tokenized version could drop to $390 over the weekend. However, since the main share will remain closed to transactions in the meantime, liquidity may shift to the tokenized side. Companies and traditional finance do not want this liquidity to deteriorate and are against this situation.

One of the biggest fears of companies is legal uncertainties and the possibility that some products may be created beyond their control.