According to PANews, nine U.S. listed companies, including Broadcom and Verizon, have objected to plans by the OKX-ICE joint venture platform related to tokenizing listed company stocks, while Nasdaq has declined to participate. The information comes from disclosures on developments concerning the OKX-ICE joint venture platform, indicating that the platform has encountered clear resistance in advancing stock tokenization. It is understood that the opposition is not from a single company but a collective action by multiple U.S. listed companies; at the same time, Nasdaq has chosen not to participate. The incident highlights the legal and compliance resistance facing stock tokenization and has a significant impact on the RWA and tokenized securities sectors. In terms of parties involved, the incident involves three parties: first, the OKX-ICE joint venture platform; second, nine U.S. listed companies represented by Broadcom and Verizon; and third, Nasdaq. The relevant plan involves tokenizing listed company stocks; the nine U.S. companies explicitly oppose the platform tokenizing their shares; Nasdaq has declined to participate in the related arrangements. Currently, publicly available information does not disclose the full list of the nine companies, nor does it disclose the reasons for their opposition or specific legal basis, but it has been confirmed that the plan has encountered resistance from multiple parties in the U.S. market. According to the relevant disclosures, legal and compliance resistance is the key judgment in this incident. Nasdaq's refusal to participate further indicates that stock tokenization still faces a relatively high threshold in practical implementation. For the OKX-ICE joint venture platform, the attitudes of listed companies and Nasdaq have already created a real obstacle, and further progress will require substantive advances on the legal and compliance front. There is currently no information showing that the platform has adjusted its approach in response to the objections, nor is there any information showing further statements from the relevant listed companies or Nasdaq. In terms of industry impact, according to the relevant disclosures, the incident has a significant impact on the RWA and tokenized securities sectors. Stock tokenization is a closely watched category within RWA and tokenized securities, and the opposition from nine U.S. companies including Broadcom and Verizon, as well as Nasdaq's refusal to participate, indicates that such products still face considerable difficulty in being implemented in the United States. The incident is not only a setback for a single platform but also sends a signal to the industry that the RWA and tokenized securities sectors need to confront real-world constraints. The publicly available information characterizes this impact as 'significant,' rather than a general mention. In terms of completeness of information, current disclosures on the details of the incident are limited. Apart from Broadcom and Verizon, the names of the remaining opposing companies have not been listed; the specific reasons for the opposition, the legal provisions involved, and the reasons for Nasdaq's refusal to participate have not been further explained. Therefore, this report can only be based on confirmed facts: the opposition from nine U.S. companies, Nasdaq's refusal to participate, and the two judgments provided by the relevant disclosures—'legal and compliance resistance' and 'a significant impact on the RWA and tokenized securities sectors.' This information boundary itself also indicates that the incident is still at an initial disclosure stage. For the OKX-ICE joint venture platform, it has not yet obtained support from listed companies or Nasdaq. If stock tokenization is to continue, it will need to address issues such as the attitudes of the relevant listed companies and Nasdaq's willingness to participate. Nasdaq's refusal to participate was presented as separate information in the relevant disclosures, carrying clear signaling significance; the opposition from nine U.S. companies including Broadcom and Verizon shows that listed companies explicitly oppose arrangements under which their own shares are tokenized. Although the specific reasons for the opposition have not been explained, the simultaneous statements from multiple parties have already created a real obstacle to the platform's progress. Going forward, attention should be paid to whether the OKX-ICE joint venture platform adjusts its plans in response to the objections, whether it continues to communicate with the relevant listed companies or Nasdaq, and whether U.S. regulators' attitude toward stock tokenization changes. At the same time, statements from other platforms and listed companies regarding similar arrangements are also worth tracking. As current public information is limited, the incident's impact on broader RWA projects still needs to be observed. What can be confirmed is that stock tokenization has encountered clear resistance in the U.S. market, and the RWA and tokenized securities sectors face real constraints.
