TLDR
- 67 U.S. issuers have objected to OKXICE’s plan to trade tokenized versions of their shares.
- Only six companies from the original list have not objected: Strategy, Coinbase, Circle, Robinhood, Securitize and BitGo.
- The SEC’s innovation exemption gives issuers 30 days to block third-party tokenization.
- Median holdings in tokenized-stock trading pools were just $92 as of Aug. 31.
- Rival venue TSV has started trading tokenized shares using an issuer-sponsored model.
OKXICE, the joint venture between crypto exchange OKX and NYSE owner Intercontinental Exchange, wanted to offer round-the-clock trading of tokenized U.S. stocks. The plan is now facing pushback from the companies whose shares it hoped to list. As of Nov. 5, 67 issuers had filed objections.
JUST IN: Meta makes it 7 of 7, as every Magnificent 7 company now says NO to tokenized versions of its shares on OKXICE.
Meta objected on Thursday, joining Apple, Tesla, Amazon, Nvidia, Microsoft and Alphabet in blocking their stock from the OKX and NYSE owner ICE venture.
The… https://t.co/8AnD4mEdgm pic.twitter.com/gVr6KHBn6w
— Coin Bureau (@coinbureau) November 6, 2026
Apple and Meta Platforms are among the latest to say no. Palantir, S&P Global, KLA and Super Micro Computer also joined the list on Thursday. Home Depot, GE Vernova, Nebius, Boeing and ServiceNow objected earlier in the week.
How the Objection Count Grew
The list has climbed quickly over the past two weeks. It stood at 38 on Oct. 28, when Walmart was added. Nvidia, Costco and Nike pushed it to 50 by Oct. 30.
Tesla, Amazon and Netflix brought the total to 56 on Nov. 2. Apple, Home Depot and GE Vernova lifted it to 59 the next day. The count reached 67 on Nov. 5.
Of the 62 companies OKXICE first picked, 56 have objected, according to a CoinDesk tally. That is about 90%. Another tally counts 57 of 63 share classes as blocked.
Eleven of the objectors were not part of the original selection. Microsoft is also among the companies that have objected.
Six names remain without a disclosed objection. Strategy, Coinbase, Circle and Robinhood are on that list. So are Securitize and BitGo, which earlier told CoinDesk they did not plan to object.
The Rules Behind the Veto
The objections stem from a five-year innovation exemption issued by the SEC on Sept. 17. It lets a venue trade blockchain versions of listed stocks without registering as an exchange. If an unaffiliated third party does the tokenizing, the issuer gets 30 days to object in writing.
Silence counts as consent. Once an issuer objects, its stock cannot be handled under the exemption. Companies can still tokenize their own shares, so an objection is not a rejection of blockchain-based securities.
Venues have up to five business days to publish objections. That means the public list can trail issuers’ decisions. The deadline for companies named in the Oct. 4 notice has passed, but OKXICE may not have disclosed every objection.
The exemption also limits scale. A venue can list up to 75 Tier 1 symbols, which cover S&P 500 and Russell 1000 stocks and certain exchange-traded products. Trading in each stock is capped at 0.25% of its prior-month average daily volume.
Tier 2 covers other eligible securities, with a 250-symbol cap and a 2.5% volume limit.
Liquidity and Rival Venues
OKXICE plans to settle trades in stablecoins such as USDC, USDG and USDT. Trading would run through permissioned liquidity pools on the X Layer network. The venture has said neither it nor its affiliates will supply liquidity.
A Dune report cited in the notices found the median holding in tokenized-stock pools was $92 as of Aug. 31. About 81% of the $69 million across 5,484 pools sat in just 78 of them.
Some issuers have explained their reluctance. Applied Optoelectronics said it could not tell how tokens might affect its share price, volume or volatility. It also worried investors would think the company sponsored the token. Nasdaq has said it will keep its shares off venues that do not show real-time best prices or report to the consolidated tape.
Robinhood CEO Vlad Tenev argued in September that a token that does not change shareholder rights should not need company approval. His comments followed criticism from AMC Entertainment CEO Adam Aron over Robinhood’s stock tokens.
OKXICE co-chairman Andrew Cuomo, a former New York governor, said last week that companies outside the initial selection had approached the venture. He did not name them or give a number. He said familiarity with the new market would encourage participation.
Canton-based venue TSV went live this week with tokenized shares of Canton Strategic Holdings. It uses an issuer-sponsored approach that avoids the 30-day objection process. Securitize has also launched tokenized U.S. stocks that are expected to trade on OKXICE.
The SEC’s registry listed three entities that had filed notice to operate under the exemption as of Oct. 26. They were TSV LLC, OKXICE TSV and Kephas Corporation, doing business as Perpetuals.com.
OKXICE may publish more objections in the coming days. It is not yet known whether any large issuers will change their position before trading begins.
