Market News AIOpen the app

Sixteen companies, including Microsoft and Goldman Sachs, are against trading token versions of their stocks on the OKX-ICE platform.

MarketRead the original at moomoo.com
Bad for ICE

Intercontinental Exchange's joint venture faces objections from 16 companies, which could limit the shares offered on its platform. Its opt-in design helps, but the pushback still risks limiting participation.

ICE · Intercontinental Exchange

AI read · Bad for ICE

The AI's read

The objections could make it harder for ICE's venture to offer tokenized shares, limiting a possible new service. Companies can opt in or out, and the venture expected early hesitation. Still, objections from 16 firms point to a real challenge in attracting participants.

MSFT · Microsoft

AI read · Neutral

The connection

Microsoft objected to tokenized versions of its shares being traded on the OKX-ICE platform. The story gives no reason or business result, so it does not change Microsoft's outlook.

GOOGL · Alphabet

AI read · Neutral

The connection

Alphabet objected to tokenized versions of its shares being traded on the OKX-ICE platform. The story gives no reason or business result, so it does not change Alphabet's outlook.

GS · Goldman Sachs

AI read · Neutral

The connection

Goldman Sachs objected to tokenized versions of its shares being traded on the OKX-ICE platform. The story gives no reason or business result, so it does not change Goldman Sachs' outlook.

QCOM · Qualcomm

AI read · Neutral

The connection

Qualcomm objected to tokenized versions of its shares being traded on the OKX-ICE platform. The story gives no reason or business result, so it does not change Qualcomm's outlook.

CAT · Caterpillar

AI read · Neutral

The connection

Caterpillar objected to tokenized versions of its shares being traded on the OKX-ICE platform. The story gives no reason or business result, so it does not change Caterpillar's outlook.

Get alerts for ICE

Follow Intercontinental Exchange (ICE) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for ICE
Free on the App Store and Google Play, or on the web.