{"id":246740,"date":"2026-11-02T18:30:00","date_gmt":"2026-11-02T18:30:00","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=246740"},"modified":"2026-11-02T18:30:00","modified_gmt":"2026-11-02T18:30:00","slug":"nvidia-nike-join-50-companies-blocking-okx-ice-stock-token-push","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=246740","title":{"rendered":"Nvidia, Nike Join 50 Companies Blocking OKX\u2013ICE Stock Token Push"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Nvidia, Nike Join 50 Companies Blocking OKX\u2013ICE Stock Token Push<\/a><\/p>\n

<\/div>\n

Fifty public companies have now objected to having their shares tokenized<\/a> on OKXICE, the joint venture between crypto exchange OKX and New York Stock Exchange parent Intercontinental Exchange (ICE), as the venue\u2019s first 30-day notice window closes Tuesday.<\/p>\n

The venue\u2019s Oct. 30 notice added<\/a> 12 objectors, including Nvidia, Costco, Nike, Micron and Reddit. They join Microsoft, Alphabet, JPMorgan Chase, Goldman Sachs, Walmart, Broadcom, Verizon and Intel, among others. Of the 62 companies OKXICE initially proposed to tokenize, 43, or about 69%, have objected, according<\/a> to a CoinDesk<\/em> tally.<\/p>\n

The list has grown fast: nine objectors on Oct. 15, 16 on Oct. 19, 38 on Oct. 28 and 50 two days later.<\/p>\n

How the opt-out works<\/h2>\n

The objections stem<\/a> from the SEC\u2019s five-year \u201cInnovation Exemption,\u201d issued<\/a> Sept. 17, which lets tokenized securities venues (TSVs) trade blockchain versions of U.S. stocks through automated market makers without registering as exchanges. When an unaffiliated third party tokenizes a company\u2019s stock, the venue must notify the issuer, which then has 30 days to object in writing. Silence counts as consent, and the order offers no way to object after the window closes.<\/p>\n

OKXICE plans<\/a> 24\/7 trading of tokens backed one-for-one by shares, paired against stablecoins such as USDC in permissioned pools on OKX\u2019s X Layer blockchain.<\/p>\n

The objecting companies have not given reasons. JPMorgan said<\/a> it remains encouraged by tokenization but wants to be thoughtful about how its shares are represented and traded. \u201cGiven how easy the opt-out is, the list of objectors is likely to keep growing,\u201d Olivia Vande Woude, head of tokenization at Ava Labs, said<\/a>.<\/p>\n

Nasdaq\u2019s role<\/h2>\n

The fight has also taken on a competitive edge. An executive at a Nasdaq-listed company told<\/a> Crypto in America<\/em> that a Nasdaq representative urged the company to object and offered a call to explain why. Nasdaq declined to comment on the claim but reiterated that TSVs are not the best path to tokenization.<\/p>\n

Nasdaq argues that venues outside the National Market System could fragment liquidity and lack real-time best-price display and consolidated-tape reporting. It is building<\/a> its own issuer-centric Nasdaq Equity Token with Kraken, targeted for the second quarter of 2027.<\/p>\n

A full-page Wall Street Journal ad urging CEOs to opt out, headlined \u201cYOUR STOCK. THEIR TOKENS. YOUR PROBLEM.,\u201d linked to Nasdaq\u2019s FAQ via QR code. Conservative-leaning nonprofit Common Sense Leadership Fund paid for it. Nasdaq said it had no connection to the ad and never funded the group.<\/p>\n

OKXICE co-chair and former New York Gov. Andrew Cuomo has called<\/a> the objections a \u201cnatural response.\u201d\u00a0<\/p>\n

\u201cWe are at the very beginning of the rollout of fundamentally different market structure,\u201d he said last week.<\/p>\n

For context, a tokenized stock is a blockchain token backed one-for-one by a real share, which a third party holds. OKXICE lets it trade around the clock against stablecoins like USDC. Under the SEC\u2019s Innovation Exemption, the venue can list these tokens without the issuing company\u2019s consent, unless the company objects within 30 days.<\/p>\n

This post Nvidia, Nike Join 50 Companies Blocking OKX\u2013ICE Stock Token Push<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Nvidia, Nike Join 50 Companies Blocking OKX\u2013ICE Stock Token Push Fifty public 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 (ICE), as the venue\u2019s first 30-day notice window closes Tuesday. The venue\u2019s Oct. 30 notice […]<\/p>\n","protected":false},"author":0,"featured_media":246741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-246740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/246740"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=246740"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/246740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/246741"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=246740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=246740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=246740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}