Amazon, Tesla and SpaceX Join 56 Firms Blocking OKXICE…
By Abdelaziz Fathi
AI summary of the source article
Amazon, Tesla, and SpaceX are among 56 companies that have formally objected to having their shares tokenized on OKXICE. Approximately 79% of the venue's initially selected issuers have now opted out.
Why it matters
OKXICE faces a narrower product selection that could limit its ability to attract liquidity and trading activity, reflecting a commercial constraint on third-party tokenization even where regulators permit the model.
Key facts
- 56 companies have submitted objections to OKXICE tokenizing their shares, including Amazon, Tesla, SpaceX, and Netflix.
- 49 of the 62 companies initially selected for trading have objected, leaving only 13 without public objections.
- OKXICE, backed by OKX and ICE, filed plans under the SEC's Innovation Exemption to trade tokenized equities using Uniswap v4 on the X Layer blockchain.
Source excerpt · FinanceFeeds
Amazon, Tesla and SpaceX have joined a growing list of companies objecting to tokenized versions of their shares being traded on OKXICE, the proposed blockchain-based stock venue backed by cryptocurrency exchange OKX and New York Stock Exchange parent Intercontinental Exchange (ICE).An updated public notice dated November 2 identifies 56 companies that have submitted issuer objections, up from 50…