56 of 62 Firms Oppose OKXICE Tokenized Stock Plan, Leaving…
By Karthik Subramanian
AI summary of the source article
OKX and ICE's proposed tokenized stock trading platform, OKXICE, faces opposition from 56 of its 62 initially selected companies. A total of 67 firms, including Apple, Microsoft, and JPMorgan Chase, have objected to having their shares tokenized.
Why it matters
The development represents a significant obstacle for OKXICE's ambition to establish a blockchain-based marketplace offering round-the-clock trading of tokenized U.S. equities using stablecoin settlement.
Key facts
- 56 of 62 initially chosen companies and 67 total firms have objected to OKXICE tokenizing their shares.
- Only six firms, all with crypto industry connections, remain without disclosed objections: Strategy, Coinbase, Circle, Robinhood, Securitize, and BitGo.
- OKXICE intends to operate under the SEC's Innovation Exemption, under which timely issuer objections prevent venues from trading tokenized shares.
Source excerpt · FinanceFeeds
The proposed tokenized stock trading platform backed by cryptocurrency exchange OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is facing widespread corporate resistance, with 56 of its 62 initially selected companies objecting to the tokenization of their shares. According to OKXICE's November 5, 2026, public notice and a CoinDesk analysis, approximatel…