Opposition to the OKXICE tokenized equities plan has expanded to 50 issuers, according to crypto journalist Eleanor Terrett. The project is a joint venture between OKX and Intercontinental Exchange, or ICE, and was set to issue tokenized shares of public companies on its TSV platform. The latest companies named as objecting to the plan are Nike, Costco, Micron, Reddit, and Nvidia. OKXICE had originally planned to tokenize shares of 62 listed companies. With 50 companies now opposing the issuance, the number of objectors accounts for about 80.6% of the firms included in the original tokenization plan. The report did not provide additional details on the companies’ objections beyond stating that they opposed the issuance of tokenized versions of their stock on the platform.
Fifty companies have now opposed the issuance of tokenized shares of their stock on the TSV platform operated by OKXICE, the joint venture between OKX and Intercontinental Exchange (ICE), according to crypto journalist Eleanor Terrett.
The latest companies to join the list of objectors are Nike, Costco, Micron, Reddit, and Nvidia.
50 of 62 planned issuers have objected
OKXICE had originally planned to tokenize the shares of 62 publicly listed companies. With 50 companies now opposing the plan, the objectors account for about 80.6% of the companies included in the original proposal.
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