Wells Fargo and Intuit Object to Tokenized Shares
Wells Fargo and Intuit are among six more companies objecting to tokenized shares on a joint trading platform backed by OKX and Intercontinental Exchange. A regulatory document shows total objections have reached 22 firms amid growing challenges for blockchain trading.
Wells Fargo & Co and Intuit Inc are among six additional companies objecting to the tokenization of their shares on a joint trading platform, regulatory filings showed on Thursday afternoon. The pushback brings the total number of corporate objectors to 22 against a blockchain initiative backed by crypto exchange OKX and Intercontinental Exchange Inc (ICE). The friction highlights lingering corporate resistance to digital token products despite regulatory clearance in the United States.
