50 Companies Object to OKXICE Tokenized Stock Plan

OKXICE TSV’s October 30 public notice lists 50 companies that have objected to its proposed tokenized-stock venue, including Nvidia, Nike, Costco, Microsoft and Alphabet. The filings challenge access to unaffiliated third-party tokens linked to the companies’ shares under a U.S. Securities and Exchange Commission exemption; they do not establish that the proposed venue has launched or that all listed securities have been removed. The notice names the objecting issuers but does not provide individual reasons. Nvidia and Nike are among companies added to the list, alongside Costco, Micron Technology and Reddit. OKXICE had identified 62 issuers represented by 63 stock symbols in its October 4 proposal, and some later objectors were not on that original list. Under the SEC process described in the published order, companies may submit a written objection within 30 calendar days after receiving notice that an unaffiliated third party intends to offer tokens tied to their shares. A timely objection bars the venue from offering those third-party tokens under the exemption. It does not prevent an issuer from supporting tokenization elsewhere or issuing its own tokens. OKXICE’s notice...