Walmart, Eli Lilly join 38-company pushback on OKX–ICE plans
In short
Walmart and Eli Lilly are among five more companies that objected to the OKX–ICE tokenized stock plans. That brings the total number of objections to 38.
This matters because the pushback is growing while a rival Canton venue prepares to launch under the SEC’s innovation exemption. The report does not say why the companies objected or what will happen next.
What the reporting says
Walmart and Eli Lilly are among five more companies that objected to the OKX–ICE tokenized stock plans, bringing the total number of objections to 38, while a rival Canton venue prepares to launch under the SEC's innovation exemption. The report indicates growing resistance from companies but does not state the grounds for the objections. The immediate consequence is added pressure on the proposed launch, though the outcome is still unknown.
Why it matters
Walmart and Eli Lilly have joined five additional companies in objecting to the OKX–ICE tokenized stock plans, bringing the total objections to 38. The report says this comes as a rival Canton venue prepares to launch under the SEC’s innovation exemption. The objections may increase pressure on the proposed plan, but the reporting does not state the specific reasons or any regulatory response.