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Innovation Exemption

2 GoKawiil briefs on this topic

Intel, Oracle, IBM, IonQ Opt Out of OKX-ICE Tokenized Stock Venture

OKXICE, the joint venture between OKX and Intercontinental Exchange, has added Intel, Oracle, IBM and IonQ to its public notice of companies declining to have their shares tokenized, bringing total objections to 26. That means roughly 37% of companies on OKXICE's original list have opted out, following earlier objectors like Microsoft, Alphabet, Goldman Sachs, Cisco and Wells Fargo.

SEC opens door for tokenized stock trading with new Innovation Exemption

The SEC issued an order Thursday creating an immediate regulatory pathway allowing certain trading venues to offer tokenized versions of publicly traded U.S. stocks. The five-year exemption requires token holders to retain the same rights as traditional shareholders and lets companies object to having their securities tokenized. The move follows the Senate's failure to advance the Clarity Act, a crypto market structure bill, two days earlier.