Six more companies, including Wells Fargo, Arm Holdings and Intuit, objected to having their shares tokenized on OKX and Intercontinental Exchange’s planned venue, bringing the reported total to 22. The venture had identified 63 stocks for possible tokenization, and the venue had not announced a launch date. Reuters report republished by CNA · Unchained

Six more companies, including Wells Fargo, Arm Holdings and Intuit, objected to having their shares tokenized on OKX and Intercontinental Exchange’s planned venue, bringing the reported total to 22. The venture had identified 63 stocks for possible tokenization, and the venue had not announced a launch date. Reuters report republished by CNA · Unchained

The reports do not give Wells Fargo’s or Intuit’s individual reasons. They describe the objections as exercising a right under the SEC’s September innovation exemption: a venue must notify an issuer before listing a third-party token representing its shares, and an issuer’s timely objection prevents that token from being offered there. The reports do not say the companies opposed all stock tokenization.

For broader context, Nasdaq has warned that poorly regulated tokenized stocks could fragment liquidity and undermine price discovery, and said issuers should be cautious given the risks. The reports present those as Nasdaq’s concerns, not as reasons stated by Wells Fargo, Intuit or the other objectors.