Nvidia, Nike Join 50 Companies Blocking OKX–ICE Stock Token Push
By Micah Zimmerman
AI summary of the source article
Fifty public companies, including Nvidia and Nike, have objected to having their shares tokenized on the OKXICE joint venture. The objections follow an SEC rule allowing issuers 30 days to opt out before trading begins.
Why it matters
Nasdaq argues that venues outside the National Market System "could fragment liquidity and lack real-time best-price display and consolidated-tape reporting."
Key facts
- Fifty public companies, including Nvidia, Nike, and Microsoft, have objected to stock tokenization on OKXICE.
- Under the SEC's Innovation Exemption, issuers must object in writing within 30 days, or silence counts as consent.
- OKXICE plans 24/7 trading of tokens backed one-for-one by shares against stablecoins on OKX's X Layer blockchain.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Nvidia, Nike Join 50 Companies Blocking OKX–ICE Stock Token Push Fifty companies, including Nvidia, Microsoft and JPMorgan, have blocked OKX and ICE from tokenizing their shares under the SEC’s new Innovation Exemption. This post Nvidia, Nike Join 50 Companies Blocking OKX–ICE Stock Token Push first appeared on Bitcoin Magazine and is written by Micah Zimmerman .