Nvidia, Costco and 10 More Issuers Opt Out of ICE and OKX’s Tokenized Stock Venue
By Unchained
AI summary of the source article
Fifty public companies, including Nvidia, Costco, and Nike, have objected to their shares being traded on OKX and ICE's tokenized stock venue. Under SEC rules, the venue cannot list tokenized shares once an issuer files a timely objection.
Why it matters
Under the SEC exemptive order the venue relies on, "a venue cannot list a stock tokenized by an unaffiliated third party once that stock’s issuer files a timely objection."
Key facts
- Twelve issuers were added to OKXICE TSV's objection list between Oct. 28 and Oct. 30, bringing total objecting companies to 50.
- Under the SEC exemptive order the venue relies on, a venue cannot list a stock tokenized by an unaffiliated third party once that issuer files a timely objection.
- OKXICE LLC is owned 50% by ICE and 50% by OKX affiliate OKC USA Holding, and plans to operate permissioned Uniswap v4 liquidity pools on OKX's XLayer network.
Source excerpt · Unchained
The venue's Oct. 30 notice lists 50 objecting companies, up from 38 two days earlier, and still gives no date for trading to start. The post Nvidia, Costco and 10 More Issuers Opt Out of ICE and OKX’s Tokenized Stock Venue appeared first on Unchained .