# Cuomo Calls Issuer Objections a Natural Response to OKXICE Tokenized-Stock Plan By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/36368 Published: 2026-10-21T05:19:12.000Z Updated: 2026-10-21T05:19:12.000Z Section: Regulation > Sixteen companies, including Microsoft, Alphabet and Goldman Sachs, have objected to third-party tokens tied to their shares. Former New York Gov. Andrew Cuomo, co-chair of OKXICE, called companies’ objections to its tokenized-stock proposal “a very natural response” as the venture seeks to build a blockchain-based stock market. Cuomo made the remark during an Oct. 20 press call. He said OKXICE had expected some companies to wait and see before participating. Sixteen companies, including Microsoft, Alphabet and Goldman Sachs, have [objected to third-party tokens tied to their shares](). OKXICE is a venture between crypto exchange OKX and Intercontinental Exchange, which owns the New York Stock Exchange. Under the SEC’s temporary framework, a venue must notify a stock issuer in writing before offering a token created by an unaffiliated party. It must wait at least 30 calendar days after the issuer receives the notice. If the issuer delivers a written objection to the venue by the 30th calendar day, the venue cannot make that token available for trading. The framework has a separate route for tokens issued by a company or on its behalf. OKXICE includes that route in its revised proposal. An objection to a third-party token does not automatically rule out a token issued by or for the company. OKXICE plans around-the-clock trading through blockchain liquidity pools that pair stock tokens with stablecoins. In its third-party model, each token would give its holder an entitlement to a single share, with that share held through a registered broker-dealer. Dividend and voting rights tied to the share would pass to the token holder. The assets in each pool would determine token prices rather than quotes on conventional stock exchanges. Thin liquidity or closed regular markets could leave a token trading at a different price from its underlying share. ## Links in this article - [objected to third-party tokens tied to their shares](https://www.tokenpost.com/news/regulation/36225)