NYSE-backed crypto venture faces 90% stock rejection as $92 liquidity problem threatens tokenization dream

More than 90% of the stocks targeted by OKX and NYSE-backed tokenization venture now face objections from their issuers.A comparison of OKXICE's latest regulatory notice with its original October proposal shows that companies have objected to 57 of the 63 stock tickers initially earmarked for trading.The objections, which have grown to 67 companies overall, include Apple, Nvidia, Microsoft, Amazon, Tesla, and Meta, threatening to strip the proposed blockchain-based marketplace of many of Wall Street's most widely traded names before its launch.The setback comes just weeks after the US Securities and Exchange Commission (SEC) introduced a regulatory exemption designed to accelerate tokenized stock trading, allowing qualifying platforms to offer blockchain-based shares through automated trading pools.OKXICE, a joint venture equally owned by crypto exchange OKX's US holding company and Intercontinental Exchange, the parent of the New York Stock Exchange, plans to let investors trade tokenized versions of US stocks around the clock using stablecoins.However, the growing corporate resistance has left the venture facing questions about which securities it can offer and whether investors ...