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Nvidia, Nike Join 50 Companies Blocking OKX–ICE Stock Token Push
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Fifty companies, including Nvidia, Microsoft and JPMorgan, have blocked OKX and ICE from tokenizing their shares under the SEC’s new Innovation Exemption.
Key facts
- Of the 62 companies OKXICE initially proposed to tokenize, 43, or about 69%, have objected, according to a CoinDesk tally
- OKXICE plans 24/7 trading of tokens backed one-for-one by shares, paired against stablecoins such as USDC in permissioned pools on OKX’s X Layer blockchain
- The list has grown fast: nine objectors on Oct. 15, 16 on Oct. 19, 38 on Oct. 28 and 50 two days later
- Fifty public companies have now objected to having their shares tokenized on OKXICE, the joint venture between crypto exchange OKX and New York Stock Exchange parent Intercontinental Exchange (ICE)
Summary
Fifty public companies have now objected to having their shares tokenized on OKXICE, the joint venture between crypto exchange OKX and New York Stock Exchange parent Intercontinental Exchange (ICE), as the venue’s first 30-day notice window closes Tuesday. The venue’s Oct. 30 notice added 12 objectors, including Nvidia, Costco, Nike, Micron and Reddit. The list has grown fast: nine objectors on Oct. 15, 16 on Oct. 19, 38 on Oct. 28 and 50 two days later. The objections stem from the SEC’s five-year “Innovation Exemption,” issued Sept. 17, which lets tokenized securities venues (TSVs) trade blockchain versions of U.S. stocks through automated market makers without registering as exchanges.