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Opposition to OKXICE tokenized stock issuance rises to 50 companies

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.

OKX

4 hours agoNews Editor

ICE tokenized stock plan faces objections from 50 issuers, with Nike and Nvidia added

A tokenized equities project involving OKX and Intercontinental Exchange (ICE) is facing broader pushback from listed companies. Crypto reporter Eleanor Terrett said the number of issuers objecting to the plan has risen to 50. Newly added names include Nike, Costco, Micron Technology, Reddit and Nvidia. The project was originally designed to tokenize shares of 62 companies through ICE’s TSV platform. With 50 issuers now on record as opposing the effort, the scope of resistance has become a central detail in the rollout of the initiative. The update focuses on the growing list of companies that do not support having their stocks included in the tokenization program.