Nearly 70% of the companies initially selected for OKXICE have objected to the tokenization of their U.S. stocks, with Nvidia, Costco, Nike and Micron Technology joining the opposition. The venture’s October 30, 2026 public notice brought total objections to 50 companies as the response window approaches its end for some issuers.
Key takeaways
Objections cover 43 of OKXICE’s 62 original stock selections.
Apple, Tesla and Amazon are among 19 original selections without a disclosed objection.
The planned marketplace would offer round-the-clock trading using stablecoins.
SEC rules let issuers block unaffiliated tokenization of their shares.
Companies push back against tokenization of U.S. stocks
Of the 62 companies originally selected , 43—about 69%—have objected. Another seven objectors were outside that initial group, which explains why the total objection count is higher than the number opting out from the original selection.
The October 30 notice added 12 names: Nvidia, Costco, Nike, Micron Technology, CrowdStrike, Corning, IREN, USA Rare Earth, Bloom Energy, Palo Alto Networks, Reddit and Hewlett Packard Enterprise. Microsoft and JPMorgan Chase are also among the companies opposing the plan.
The original selection still includes 19 companies with no disclosed objection as of that notice: Apple, Amazon, Tesla, SpaceX, Netflix, Palantir, Strategy, Robinhood, Coinbase , Circle, SoFi Technologies, Super Micro Computer, Lam Research, ServiceNow, GE Vernova, Boeing, Home Depot, Securitize and BitGo.
That status does not establish endorsement of OKXICE or confirm that those companies’ shares will be available when trading launches.
How the OKXICE marketplace and SEC exemption work
OKXICE is a joint venture between crypto exchange OKX and Intercontinental Exchange , the parent of the NYSE. Its planned blockchain-based marketplace would let investors buy and sell digital versions of U.S. stocks 24/7, paying with stablecoins .
According to OKXICE’s October 30 public notice, the project operates under the SEC’s TSV Exemption, a temporary conditional exemptive relief, while CoinDesk reports it is being developed under the SEC’s five-year Innovation Exemption . That framework gives companies the right to prevent their shares from trading on such venues when an unaffiliated third party arranges the tokenization.
Companies can object through the 30th calendar day after receiving written notice from the venue. For those that received notice on October 4, 2026, when OKXICE published its initial filing, the deadline falls around Tuesday, November 3 .
The receipt date starts each company’s response period, so the October 30 filing does not establish one deadline for all issuers. Venues also have up to five business days to publish an objection, allowing a gap between a company’s response and its appearance on the public list.
Objections do not necessarily reject tokenization itself
The pushback against OKXICE’s proposed tokenization plan for U.S. stocks doesn’t automatically signal that firms are dismissing the technology itself. JPMorgan Chase, which raised early concerns, told CoinDesk that it still sees promise in tokenization but is weighing carefully how its own shares would be represented and traded.
At an October 30 press conference, OKXICE co-chairman Andrew Cuomo said many companies wanted to observe how the market operated before participating.
“I think the more people become familiar with tokenization, and the more they see the benefits of tokenization, I think you’ll see more and more companies participate,” Cuomo said. “But we are at the very beginning of the rollout of fundamentally different market structure.”
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
