50 companies object to OKXICE stock tokenization plan
BROBROK News · Based on reporting by Bitcoin Magazine ·
Fifty public companies have now objected to having their shares tokenized on OKXICE as the first 30-day notice window closes. The list includes Nvidia, Nike, Costco, Micron and Reddit, among others.
Key points
- OKXICE plans 24/7 trading of stock-backed tokens against stablecoins in permissioned pools.
- The SEC’s Innovation Exemption allows tokenized securities venues to proceed unless issuers object in writing within 30 days.
- The objections have climbed quickly, with the report citing 43 objections out of 62 companies initially proposed.
- Nasdaq has criticized the model and is building its own tokenization product with Kraken.
- The companies that objected have not publicly explained their reasons.
Why it matters
The dispute shows how tokenized equities are running into issuer resistance as regulators open new paths for blockchain-based market structure. It also highlights a competitive split between OKXICE’s venue model and issuer-led alternatives.
Original headline: “Nvidia, Nike Join 50 Companies Blocking OKX–ICE Stock Token Push”
Read the original on Bitcoin Magazine
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.