IBM, Oracle, Intel and IonQ have filed written objections to OKXICE's plan to offer Ethereum-based tokenized versions of their shares, bringing the total number of companies blocking the venture to 26.

Crypto policy journalist Eleanor Terrett disclosed the four additions in an X post on October 27.

Background on tokenized stocks

Tokenized stocks are blockchain-based representations of traditional equities designed to track the price of the underlying shares, typically enabling around-the-clock trading outside conventional market hours. Products of this kind generally do not involve participation from, or authorization by, the companies whose shares are tokenized — a dynamic that has led publicly listed firms to lodge formal objections when their names and securities are used in such offerings. Because price-tracking tokens can circulate without any issuer involvement, a written objection functions as an on-the-record statement that a company neither endorses nor is affiliated with the product carrying its name — a distinction relevant to investors weighing whether a tokenized offering has any connection to the company behind the underlying shares.

The four newly objecting companies are established U.S. technology firms: IBM and Oracle are enterprise software and services providers, Intel is a major semiconductor manufacturer, and IonQ is a publicly traded quantum computing company. Their addition extends the roster of objectors across enterprise software, semiconductor manufacturing and quantum computing, so the pushback against OKXICE's plan is not confined to a single corner of the technology sector.

With these additions, the count of issuers formally opposing OKXICE's tokenized stock plan now stands at 26, according to the disclosure — a tally that has accumulated issuer by issuer as individual companies put their opposition in writing.

This content was first published on COINOTAG: https://en.coinotag.com/okxice-ethereum-tokenized-stock-plan-26-issuer-objections