Apple, Home Depot and GE Vernova object to tokenized trading on OKXICE, lifting total objectors to 59
Apple, The Home Depot and GE Vernova have filed objections against having tokenized versions of their shares traded on OKXICE TSV, bringing the total number of objecting issuers to 59.
Apple, The Home Depot and GE Vernova have objected to having tokenized shares traded on OKXICE TSV, the planned onchain stock platform co-owned by Intercontinental Exchange and OKX, according to a public notice dated Nov. 3.[2][3]
The additions bring the total count of objecting issuers to 59, according to reports from The Block and Unchained. The venue's earlier notices listed 50 objections on Oct. 30 and 56 on Nov. 2, with no companies removed from the list since. The roster of companies opposing trading already includes Microsoft, Alphabet, Nvidia, JPMorgan Chase, Goldman Sachs, Tesla, Amazon and SpaceX.[1][2][3]
The Nov. 3 filing does not disclose why the issuers objected and sets no launch date for trading. Submitting an issuer objection prevents unaffiliated third-party tokens of a company's stock from listing on the platform. Joint venture co-chair Andrew Cuomo told reporters on Oct. 29 that objections are arriving on a rolling basis with no designated cutoff window.[3]
OKXICE LLC, a Texas entity owned equally by ICE and OKC USA Holding Inc., operates under a tokenized securities venue exemption published in the Federal Register on Sept. 22. Transactions will settle via permissioned Uniswap v4 pools on XLayer accessible only to wallets holding a venue-issued soulbound token. The notice confirms the venue is not SEC-registered for the activity, has no maximal extractable value policies, and will not tokenize stocks or supply liquidity itself.[3]
Key facts
- Apple, The Home Depot and GE Vernova joined the list of issuers objecting to tokenized trading of their shares on OKXICE TSV.
- A Nov. 3 public notice brought the total number of objecting issuers to 59, up from 56 on Nov. 2 and 50 on Oct. 30, with no companies removed.
- Filing an objection prevents unaffiliated third parties from listing tokenized versions of an issuer's shares on the platform.
- The objection roster includes Microsoft, Alphabet, Nvidia, JPMorgan Chase, Goldman Sachs, Tesla, Amazon and SpaceX.
- OKXICE LLC is owned 50-50 by Intercontinental Exchange and OKC USA Holding Inc. and operates under an SEC exemption published Sept. 22.
- Trades will settle in permissioned Uniswap v4 pools on XLayer restricted to wallets holding a venue-issued soulbound token.
Sources · 3 sources
- LS
Laura Shin@laurashinPost on X ·
OKXICE TSV, the tokenized stock venue owned by ICE and OKX, lists 59 issuer objections in its Nov. 3 notice, up from 56 on Nov. 2 and 50 on Oct. 30. No company has come off the list. https://t.co/MbRvqhLmNU
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Three more companies — Apple, Home Depot, and GE Vernova — have joined the list of firms that oppose the tokenized trading of their shares on OKXICE. The number of objecting firms has risen to 59. https://t.co/MUBZWLrWgl
Open source - UN
UnchainedArticle ·
Apple, Home Depot and GE Vernova Object to ICE-OKX Tokenized Stock Venue as Count Hits 59 Apple , The Home Depot and GE Vernova have objected to having tokenized versions of their shares traded on OKXICE TSV , the planned onchain stock venue owned by Intercontinental Exchange (ICE) and OKX, according to a public notice the venue dated Nov. 3. The notice names 59 issuers that have sent it a notice of issuer objection. By Unchained’s count of the venue’s earlier filings, that compares with 56 in the Nov. 2 notice and 50 in the Oct. 30 notice , and no company has been removed from the list in that time. Like the earlier versions, the Nov. 3 filing does not say why any company objected, and it sets no date for trading to begin. On Nov. 2, citing the 50 objectors in the Oct. 30 notice, Zero Knowledge Group founder Austin Campbell said on Unchained’s Bits + Bips that “people are just objecting as soon as they find out about this thing.” Lumida Wealth founder Ram Ahluwalia said on the same episode, “I don’t know what’s being solved by tokenizing a stock on chain.” Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . A Growing List The three new names join a roster that already included Microsoft , Alphabet , Nvidia , JPMorgan Chase , Goldman Sachs , Tesla , Amazon and SpaceX. The notice says the venue may list stocks tokenized by their issuer or by a third party unaffiliated with the issuer. An objection keeps third-party tokens of that company’s shares off the venue. Andrew Cuomo, who co-chairs the joint venture, told reporters on Oct. 29 that objections now come in on a rolling basis. “The start period has passed. There’s no end period,” he said. How the Venue Works OKXICE LLC, a Texas company that ICE and OKC USA Holding Inc. own in equal halves , runs the venue under the SEC exemption for tokenized securities venues, published in the Federal Register on Sept. 22. Trades will settle in permissioned Uniswap v4 pools on XLayer, and only wallets holding a soulbound token issued by the venue can use them. The notice states that the venue is “not registered with the Securities and Exchange Commission” for this activity and has no policies addressing maximal extractable value. Its hook contract is to be audited by OKX Technology Inc. and by Certified Kernel Tech LLC before operations start. Neither the venue nor its affiliates will tokenize stocks or act as liquidity providers, according to the notice, so what trades there depends on issuers and outside tokenizers. Related Listen: Robinhood Tokenized AMC Stock Without Asking. It’s Not Illegal, but Should It Be? The post Apple, Home Depot and GE Vernova Object to ICE-OKX Tokenized Stock Venue as Count Hits 59 appeared first on Unchained .
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