CoreWeave and Broadcom rejected a request from OKXICE to allow their shares to be traded on a blockchain, The Information reported on Oct. 15.

OKXICE is a joint venture set up by crypto exchange OKX and Intercontinental Exchange (ICE).

More companies are opposing turning their shares into tokens, the report said. Tokenised stocks are crypto tokens that stand in for U.S. shares. The Trump administration supports tokenised stocks, but industry moves could become an obstacle to pursuing that policy, The Information said.

The U.S. Securities and Exchange Commission last month introduced an "innovation exemption" measure. It allows an exchange to list a token if it notifies the issuing company and there is no objection within 30 days.

OKXICE is among the early companies to apply to the SEC to launch a platform for trading tokenised shares. OKXICE notified more than 60 companies, including Apple, Nvidia and Tesla, about tokenised-share trading. Nine companies, including AppLovin, Verizon and UnitedHealth, objected, according to an OKXICE notice on Oct. 15.

Dan Gibbons (댄 기번스), a partner who co-leads the digital assets practice at Latham & Watkins, said companies do not want to do something new and unfamiliar without incentives. "There is a lot of hesitation," he said. He said it is hard to be sure how the real market would move if shares of large listed companies trade 24 hours a day, seven days a week. Stephen Wink (스티븐 윙크), co-chair of the firm's fintech group, said he was concerned about price distortion. "If token trading volume is low, it could put pressure on the share price and send the wrong signals to the broader market," he said.