OKXICE faces 50 issuer objections as Nvidia and Nike join opposition

Fifty publicly traded companies have now objected to having their shares tokenized on OKXICE, the joint venture between crypto exchange OKX and New York Stock Exchange parent Intercontinental Exchange. Summary Fifty companies have objected to having their shares tokenized and traded on OKXICE, according to its October 30 notice. Nvidia, Nike, Costco, Micron and Reddit are among 12 companies added since the October 28 disclosure. The list has grown from 26 objectors on October 26 to 50, as companies exercise their rights under SEC rules. A timely objection prevents unaffiliated third-party tokens of the company’s shares from trading on OKXICE under the exemption. OKXICE plans to offer tokenized stocks around the clock through permissioned liquidity pools on XLayer. According to the venue’s October 30 public notice, Nvidia, Nike, Costco, Micron and Reddit are among the latest companies to oppose the proposed trading arrangement. The list grew from 38 issuers on October 28, adding 12 objections in two days. Journalist Eleanor Terrett reported the updated count on November 1. OKXICE had initially identified 62 companies represented by 63 stock symbols for potential tokenization, althou...