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The number of companies objecting to tokenized versions of their shares on OKX-ICE has climbed to 50. Nvidia, Micron, Nike, Costco and Reddit are among the latest additions. The joint venture between crypto exchange OKX and NYSE parent ICE had planned to offer tokenized trading in shares of 62 companies.
Why it matters
The objections test how far tokenized stocks can expand when issuers oppose third parties creating and trading tokens linked to their shares. Under the SEC’s temporary conditional exemption, a company can submit a written objection within 30 calendar days of receiving notice.
Market impact
A valid objection can prevent unaffiliated third-party versions of a company’s shares from trading on the venue. With 50 companies objecting, issuer consent is emerging as a key constraint on OKX-ICE’s planned lineup, though the seed does not specify how many of the 62 planned offerings remain available.
Frequently asked questions
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How many companies object to OKX-ICE tokenized shares?
The number has risen to 50. Nvidia, Micron, Nike, Costco and Reddit are among the latest companies to object.
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How many companies were included in OKX-ICE’s planned offering?
OKX-ICE initially planned to offer tokenized trading in shares of 62 companies.
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What does the SEC’s temporary exemption allow issuers to do?
It allows an issuer to submit a written objection within 30 calendar days of receiving notice.
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What can happen after a company objects?
An objection can prevent unaffiliated third-party tokens representing the company’s shares from trading on the venue.
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Who is behind the OKX-ICE tokenized-stock venture?
The joint venture is between crypto exchange OKX and ICE, the parent company of the New York Stock Exchange.
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