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● LIVE Updated 1h ago · 13 sources tracked

Microsoft, McDonald's, Verizon, and Others Tell Crypto Platform Not to Tokenize Their Stocks

At least 22 major publicly traded corporations have formally objected to an initiative allowing blockchain-based versions of their shares to be traded. Companies including Microsoft, Alphabet, McDonald's, Verizon, Wells Fargo, Intuit, Cisco, and Goldman Sachs told the venture they do not want their equities tokenized. The initiative involves OKX and the New York Stock Exchange parent firm. Corporations expressed concern over uncertain effects on trading alongside the risk that investors might mistakenly assume the issuers endorsed the crypto platform's products.

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  • ✓ At least 22 publicly traded companies, including Microsoft, Alphabet, McDonald's, Wells Fargo, Intuit, Cisco, Verizon, and Goldman Sachs, have objected to a crypto venture's plans to offer tokenized versions of their shares.
  • ✓ The initiative involves OKX and the New York Stock Exchange parent firm.
  • ✓ Companies cited uncertain effects on trading and the risk that investors will mistakenly think they endorsed the tokens.
🛡️ Source Corroboration: 13 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

A growing roster of at least 22 major corporations publicly rejected plans by OKX-ICE to offer tokenized versions of their shares.

Live updates

  1. Major Firms Reject OKX-ICE Tokenization Plans

    At least 22 major publicly traded corporations have formally objected to an initiative allowing blockchain-based versions of their shares to be traded. Companies including Microsoft, Alphabet, McDonald's, Verizon, Wells Fargo, Intuit, Cisco, and Goldman Sachs told the venture they do not want their equities tokenized. The initiative involves OKX and the New York Stock Exchange parent firm. Corporations expressed concern over uncertain effects on trading alongside the risk that investors might mistakenly assume the issuers endorsed the crypto platform's products.

    Why it matters

    The push for tokenized stocks aims to introduce 24/7 trading outside traditional Wall Street price rules using blockchain infrastructure. However, this friction highlights how permissionless cryptocurrency systems still encounter traditional corporate boundaries when interacting with real-world equities. The opposition from blue-chip issuers presents a significant hurdle for exchanges attempting to bridge traditional finance and digital assets.

    What is confirmed

    • At least 22 publicly traded companies, including Microsoft, Alphabet, McDonald's, Wells Fargo, Intuit, Cisco, Verizon, and Goldman Sachs, have objected to a crypto venture's plans to offer tokenized versions of their shares.
    • The initiative involves OKX and the New York Stock Exchange parent firm.
    • Companies cited uncertain effects on trading and the risk that investors will mistakenly think they endorsed the tokens.

    What to watch next

    • Whether OKX and ICE will alter or drop their tokenization plans for the objecting companies
    • Additional corporations joining the roster of objecting firms
    • Regulatory responses to the push for 24/7 tokenized stock trading without traditional price rules
    Sources used for this update (14)
    1. gizmodo.com — Gizmodo | The Future Is Here
    2. Gizmodo — Microsoft, McDonald's, Verizon, and Others Tell Crypto Platform Not to Tokenize Their Stocks
    3. Reuters — Wells Fargo, Intuit latest companies to object to their shares being tokenized, document shows
    4. CoinDesk — Why McDonalds, Microsoft and Google saying no to tokenized stocks isn't a dealbreaker
    5. Yahoo Finance — Microsoft and Alphabet opt out of tokenized stocks—the latest blow to an ambitious plan to shake up trading
    6. www.galaxy.com — Issuers Object to OKX-ICE’s Stock Tokenization Plans
    7. Yahoo Finance — Wells Fargo, Cisco, Intuit Among 6 More Companies Objecting to Tokenized Stocks
    8. Fortune — Microsoft and Alphabet opt out of tokenized stocks in latest blow to ambitious plan from OKX and NYSE parent firm
    9. CNBC — Tokenized stock trading takes off overseas as Goldman, other U.S. companies object
    10. CryptoSlate — NYSE’s owner is backing 24/7 stock tokens without Wall Street’s usual price rules
    11. www.techtimes.com — Microsoft, McDonald's, Alphabet, and More Say No to Crypto ...
    12. gizmodo.com — Microsoft, McDonald's, Verizon, and Others Tell Crypto ...
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