Walmart and Eli Lilly Join Pushback Against OKX-ICE Tokenized Stock Plans

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Walmart and Eli Lilly have added their objections to plans by OKX and ICE to offer tokenized stocks, bringing the number of companies opposing the initiative to 38. Five more firms registered their concerns in the latest round of pushback. Meanwhile, a rival trading venue built on the Canton network is preparing to launch an issuer-sponsored stock under the SEC's innovation exemption. The growing opposition highlights ongoing tensions over how tokenized equities should be issued and traded.

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