Issuer objections to OKX-ICE tokenized stock platform reach 50 companies
The list of companies objecting to OKX and ICE tokenizing their shares on the TSV platform has reached 50 out of 62 originally planned, with Nvidia, Nike, Costco, Micron, and Reddit among the latest additions.
The number of companies filing formal objections against having their equity tokenized on OKXICE TSV has reached 50, according to Eleanor Terrett. The platform, a joint venture between cryptocurrency exchange OKX and New York Stock Exchange parent company ICE, initially proposed offering tokenized trading for shares across 62 corporate issuers.[3][1]
The latest wave of objectors includes Nvidia, Micron, Nike, Costco, and Reddit. A Notice of Issuer Objection document reveals that they join dozens of other major corporations that have opted out, including Microsoft, Alphabet, Goldman Sachs, JPMorgan Chase, Walmart, Eli Lilly, McDonald's, and Broadcom.[3][1][2]
Under a temporary conditional exemption granted by the Securities and Exchange Commission, issuers have the right to submit a written objection within 30 calendar days of receiving notice. Filing an objection prevents unaffiliated third parties from issuing and trading tokenized versions of an issuer's shares on the venue.[1]
Key facts
- Fifty companies have submitted objections to prevent their shares from being tokenized on the OKXICE TSV venue.
- The OKX-ICE venture originally proposed offering tokenized trading for shares of 62 companies.
- Recent additions to the list of objecting companies include Nvidia, Micron, Nike, Costco, and Reddit.
- OKXICE is structured as a joint venture between OKX and NYSE parent ICE.
- Under the SEC's temporary conditional exemption, issuers have 30 calendar days following notice to lodge a written objection blocking unaffiliated third-party tokenization of their shares.
Sources · 3 sources
- WB
Wu Blockchain@WuBlockchainPost on X ·
Issuer Objections to OKXICE Tokenized Stocks Expand to 50 Companies The number of companies objecting to the tokenization of their shares on OKXICE TSV, a joint venture between OKX and NYSE parent ICE, has risen to 50, with Nvidia, Micron, Nike, Costco and Reddit among the latest additions. OKXICE had initially planned to offer tokenized trading in shares of 62 companies. Under the SEC’s temporary conditional exemption, issuers may submit a written objection within 30 calendar days of receiving notice to prevent tokenized versions of their shares, issued by an unaffiliated third party, from being traded on the venue.
Open source - WG
Watcher.Guru@WatcherGuruPost on X ·
JUST IN: 🇺🇸 50 major US companies now oppose having their stocks tokenized on OKX and ICE's planned exchange: • IBM • Dell • Nike • Intel • IonQ • AMD • IREN • Intuit • Nvidia • Oracle • Adobe • Reddit • Eli Lilly • Costco • Verizon • Corning • Sandisk • Carnival • Walmart • Moderna • Alphabet • AppLovin • Microsoft • JPMorgan • Broadcom • Caterpillar • Coca-Cola • Qualcomm • Rocket Lab • Wells Fargo • CoreWeave • McDonald's • CrowdStrike • Cigna Group • Arm Holdings • Bloom Energy • Applied Digital • Arcos Dorados • Cisco Systems • Western Digital • USA Rare Earth • Goldman Sachs • Applied Materials • Cerebras Systems • Micron Technology • Palo Alto Networks • Marvell Technology • UnitedHealth Group • Applied Optoelectronics • Hewlett Packard Enterprise
Open source - ET
Eleanor Terrett@EleanorTerrettPost on X ·
🚨UPDATE: The list of issuers objecting to @okx/@ICE_Markets tokenizing their shares on its TSV has grown to 50. New additions include Nike, Costco, Micron, Reddit and Nvidia. The venture initially proposed tokenizing shares from 62 companies. Full list of objectors here: https://t.co/He9sVxHTS0
Open source