Amazon, Tesla join 56 firms opposing OKXICE tokenized stock plans

Amazon, Tesla and SpaceX have joined a growing list of companies opposing the tokenization of their shares on OKXICE, bringing the total number of objections to 56. Summary Amazon, Tesla, SpaceX, Netflix, SoFi Technologies and Lam Research have joined the companies opposing OKXICE’s proposed tokenized stock trading platform, bringing total objections to 56. Of the 62 companies initially selected for trading, 49 have submitted objections, representing approximately 79% of the original list, while seven other objectors were outside that selection. Apple, Coinbase, Robinhood, Strategy and nine other companies had no disclosed objections as of November 2, although the SEC’s notification rules allow individual response deadlines to vary. OKXICE plans to offer round the clock trading in tokenized US equities through blockchain liquidity pools, with investors using stablecoins to settle transactions. OKXICE co-chairman Andrew Cuomo said some companies wanted to observe the platform before participating, while businesses outside the original selection had expressed interest in joining. According to OKXICE’s November 2 public notice, Netflix, SoFi Technologies and Lam Research were the othe...