SEC Tokenized Stock Framework Faces Pushback from Broadcom and Verizon

The U.S. Securities and Exchange Commission's (SEC) framework for tokenized stocks has faced pushback from several major companies. Broadcom and Verizon have objected to the listing of their stocks on the planned OKX-ICE venue. The SEC's framework allows for the trading of tokenized stocks, but the program has been met with resistance from several issuers. Eight companies have now objected to trading on the proposed venue, with Nasdaq also opting out of the program. This development raises questions about the feasibility and adoption of the SEC's tokenized stock framework.