Tech giants lead mass opt-out from planned OKX-ICE tokenized stock platform
Apple and Meta have rejected participation in the proposed OKX-ICE tokenized stock venue, completing opt-outs across all Magnificent Seven tech companies as around 90% of targeted issuers push back.
Apple and Meta have rejected plans to have their shares listed on the proposed OKX-ICE tokenized stock trading venue, according to reporting from CoinDesk shared by The Daily Block. With their refusal, all members of the "Magnificent Seven" group of major U.S. technology companies have officially requested that their shares remain off the platform, Decrypt reported.[1][3]
The pushback extends well beyond big tech. A total of 67 U.S. companies—including Nvidia and Tesla—now oppose the stock tokenization initiative, according to Analytics Insight. In all, approximately 90% of the firms initially selected for the planned 24/7 trading venue have objected or opted out, significantly reducing the platform's prospective stock catalog.[2][1]
Only six companies have no disclosed objections to the project so far. These remaining participants are primarily crypto-native and crypto-linked firms, including Coinbase, Circle, Robinhood, and Strategy.[1][2]
Key facts
- Apple and Meta rejected participation in the planned OKX-ICE tokenized stock trading platform.
- All seven of the Magnificent Seven U.S. tech companies have asked to keep their shares off the OKX-ICE venue.
- A total of 67 U.S. firms, including Nvidia and Tesla, oppose the OKX-ICE stock tokenization initiative.
- Around 90% of issuers initially selected for the proposed 24/7 trading platform have opted out.
- Only six firms have no disclosed objections, including Coinbase, Robinhood, Circle, and Strategy.
Sources · 3 sources
- TD
The Daily Block@thedailyblockPost on X ·
🚨 BREAKING: Apple and Meta Reject OKX–ICE Tokenized Stock Plans! Around 90% of issuers have now opted out of the OKX–ICE tokenized stock venue, with Apple and Meta among the latest to refuse, according to CoinDesk. Strategy, Coinbase, Circle and Robinhood are among the six companies with no disclosed objection, leaving crypto-native firms as the ones to watch.
Open source - AI
Analytics Insight@analyticsinmePost on X ·
𝐀𝐩𝐩𝐥𝐞, 𝐍𝐯𝐢𝐝𝐢𝐚, 𝐓𝐞𝐬𝐥𝐚 𝐀𝐦𝐨𝐧𝐠 𝟔𝟕 𝐅𝐢𝐫𝐦𝐬 𝐑𝐞𝐣𝐞𝐜𝐭𝐢𝐧𝐠 𝐎𝐊𝐗𝐈𝐂𝐄 𝐒𝐭𝐨𝐜𝐤 𝐓𝐨𝐤𝐞𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 Apple, Meta, Nvidia and Tesla are among 67 U.S. companies opposing OKXICE’s tokenized stock trading plans! Around 90% of the firms initially selected have objected, leaving just six crypto-linked companies without disclosed objections, including Coinbase, Robinhood and Circle. The proposed 24/7 trading platform now faces a much smaller potential stock selection. #OKXICE #TokenizedStocks #Apple #Meta #CryptoNews #AnalyticsInsight #AnalyticsInsightMagazine Read More 👇 https://t.co/uEQNh3Iytl
Open source - DE
DecryptArticle ·
Apple Completes the Set: Every Magnificent Seven Stock Opts Out of OKX-ICE Venue Apple and Meta’s objections mean all seven of the biggest U.S. tech companies have now asked to keep their shares off the planned OKX-ICE venue.
Open source