Perpetuals.com files SEC notice for tokenized US stock venue as OKX-ICE issuer objections rise to 16 companies
Nasdaq-listed Perpetuals.com becomes second firm to pursue SEC tokenized stock exemption while OKX-ICE faces growing issuer opposition.
Why it matters
The growing issuer pushback tests whether third-party tokenized stock venues can operate without issuer consent under the SEC's temporary framework. With 16 major companies now objecting, the available stock universe for OKX-ICE's planned 24/7 marketplace shrinks significantly, potentially limiting liquidity and institutional adoption.
Key facts
Perpetuals.com filed notice to operate tokenized securities venue under SEC's five-year innovation exemption
Reported by CoinDesk
Perpetuals.com is led by former FTX Europe CEO Patrick Gruhn
Reported by CoinDesk
OKX-ICE joint venture between OKX and ICE was first to pursue tokenized stock marketplace under SEC exemption
Reported by CoinDesk
Nasdaq said it would opt its own shares out of SEC's innovation exemption framework
Reported by CoinDesk
SEC innovation exemption requires 30-day notice period and issuer consent for third-party tokenization
30 daysReported by Crypto.News
Andrew Cuomo defended OKX-ICE venture, characterizing objections as expected hesitation
Reported by Cointelegraph
What happened
Perpetuals.com, led by former FTX Europe CEO Patrick Gruhn, filed a notice to operate a tokenized securities venue under the SEC's five-year innovation exemption, following OKX-ICE's earlier proposal. OKX-ICE, a joint venture between crypto exchange OKX and NYSE parent Intercontinental Exchange, has seen formal objections climb from nine companies on October 15 to 16 by October 19. The initial objectors included Broadcom, Verizon, UnitedHealth Group, CoreWeave, AppLovin, Applied Digital, Rocket Lab, Applied Optoelectronics, and Cerebras Systems. The updated notice adds Microsoft, Alphabet, Goldman Sachs, Qualcomm, Caterpillar, McDonald's, and Western Digital. Nasdaq separately stated it would opt its own shares out of the framework. Under SEC rules, issuers receive written notice and a 30-day window to object to third-party tokenization of their shares. OKXICE co-chair Andrew Cuomo characterized the objections as expected hesitation rather than fundamental opposition.
How the story developed
- Update
OKX-ICE announces tokenized stock venue under SEC exemption
Joint venture between OKX and ICE files initial notice with 63 stocks planned
- First report
First report by CoinDesk
Former FTX Europe chief targets U.S. tokenized stock trading with new SEC exemption
- Update
Perpetuals.com files SEC notice for tokenized stock venue
Nasdaq-listed company becomes second to pursue SEC innovation exemption
- Independent corroboration
Independently corroborated by Crypto.News
Perpetuals plans tokenized US stocks under SEC innovation exemption
- Update
OKX-ICE October 15 notice reveals nine issuer objections
Broadcom, Verizon, UnitedHealth and six others formally object to tokenized shares
- Official statement
Official statement from Bitcoin.com News
OKXICE Faces 9 Formal Objections to Tokenized Share Trading
- Update
OKX-ICE October 19 updated notice shows 16 total objections
Microsoft, Alphabet, Goldman Sachs, Qualcomm, Caterpillar, McDonald's, Western Digital added
- Official statement
Andrew Cuomo defends OKX-ICE at press conference
Co-chair characterizes objections as expected hesitation from companies not wanting to be first
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 14 Oct 2026, 14:08 UTC: CoinDesk — 1 independent source, 1 reports
- 14 Oct 2026, 18:42 UTC: Crypto.News — 2 independent sources, 2 reports
- 16 Oct 2026, 14:32 UTC: The Defiant — 3 independent sources, 3 reports
- 18 Oct 2026, 04:30 UTC: Bitcoin.com News, official — 4 independent sources, 4 reports
- 18 Oct 2026, 12:38 UTC: Crypto News Flash — 5 independent sources, 6 reports
- 19 Oct 2026, 10:15 UTC: Unchained — 6 independent sources, 8 reports
- 19 Oct 2026, 10:21 UTC: Bitcoin Insider — 7 independent sources, 9 reports
- 19 Oct 2026, 13:13 UTC: Cointelegraph — 8 independent sources, 11 reports
- 19 Oct 2026, 18:46 UTC: Decrypt — 9 independent sources, 12 reports
- 21 Oct 2026, 20:55 UTC: Bitcoin Magazine — 10 independent sources, 22 reports
- 22 Oct 2026, 06:24 UTC: Finance Magnates Crypto, Mainstream media — 11 independent sources, 23 reports
- 22 Oct 2026, 07:47 UTC: TheNewsCrypto — 12 independent sources, 24 reports
- 24 Oct 2026, 17:00 UTC: CryptoSlate — 13 independent sources, 28 reports
Affected entities
Also mentioned: FTX, Nasdaq, Tether USDt, Uniswap, USD Coin, Binance, Bitcoin
Original sources
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