In its latest updated notice, OKXICE TSV listed 12 more objecting companies, including Nvidia, Costco and Nike, bringing the total to 50, more than five times the nine that objected initially. Under the SEC's innovation exemption, a company's written objection within 30 days bars the venue from listing a third-party tokenized version of its stock, though the objection applies only to that venue. The venue is a 50-50 joint venture between Intercontinental Exchange, NYSE's owner, and OKX's U.S. holding company, and plans to let approved users trade tokenized U.S. stocks around the clock. None of the companies have explained their decisions, but an executive at a Nasdaq-listed company said Nasdaq had suggested objecting, and the venue's notice acknowledges it is not subject to Regulation NMS.
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tokenizationNvidiaNasdaqregulationcrypto
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Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.81 |
| Change that session | -4.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Nvidia and Nike Lead Biggest Wave Yet of Tokenized Stock Objections
Twelve more companies, including Nvidia, Costco and Nike, objected to trading their shares on OKXICE TSV in an Oct. 30 notice, the largest batch so far. The total has climbed from nine on Oct. 15 to 50, spanning tech, finance, retail, health care and energy. Under the SEC's innovation exemption, a company that objects in writing within 30 days bars the venue from making its stock available for trading, and the objection applies only to that venue. OKXICE TSV, a 50-50 joint venture between Intercontinental Exchange and OKX's U.S. holding company, plans to let approved users trade tokenized U.S. stocks around the clock. No objecting company has explained its decision, but a Nasdaq spokesperson told The Wall Street Journal that Nasdaq doesn't want its stock on a venue that doesn't show the best prices in real time or report trades to the consolidated tape, and Crypto in America reported that Nasdaq may be encouraging companies to opt out behind the scenes.
- Nvidia, Costco and 10 More Issuers Opt Out of ICE and OKX’s Tokenized Stock Venue
Nvidia, Costco, Nike and nine other public companies have objected to having their shares traded on the tokenized stock venue run by ICE and OKX, bringing the total number of objecting issuers to 50. The revised notice dated Oct. 30 adds 12 names compared with the Oct. 28 list of 38, following earlier objections from Microsoft, Alphabet, JPMorgan Chase and Goldman Sachs. The notice gives no reasons for the objections and no start date for trading. Under the SEC exemptive order the venue relies on, it cannot list a stock tokenized by an unaffiliated third party once that issuer files a timely objection. The venue is 50% owned by ICE and 50% by an OKX affiliate, is not registered with the SEC, and has no policies for MEV; co-chair Andrew Cuomo expects more companies to 'wait and see'.
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- Why McDonalds, Microsoft and Google saying no to tokenized stocks isn't a dealbreaker
So far 22 publicly traded companies have objected to having their shares tokenized and traded on the OKX and ICE venue under the SEC's innovation exemption, including Microsoft, Alphabet, Goldman Sachs, McDonalds, Wells Fargo and Cisco. Under the rules, a venue must notify the issuer and allow 30 days to object; silence counts as consent and cannot be withdrawn once trading begins, so objecting can be the rational choice for legal and investor-relations teams still assessing the new structure. Some industry figures say the objections reflect caution toward a new process rather than rejection of tokenization, while Nasdaq objects to trading tokenized versions of its stock outside the National Market System over concerns about fragmented liquidity and weaker price discovery. Securitize and BitGo said they will not object to the listing.
- Wells Fargo and five others object to OKX-ICE tokenized stock listings: Report
As of Friday, 22 companies had filed objections to having their US stock listings tokenized on OKXICE, the proposed platform of a joint venture between OKX and Intercontinental Exchange (ICE), the parent company of the NYSE, according to Reuters. Wells Fargo, Arm Holdings and Intuit were the latest to object, joining Microsoft and Alphabet, which did so in the past week, and 6 more companies have reportedly objected. Of the 22 companies, 16 are listed on Nasdaq and 6 on the NYSE. The venture proposed tokenizing stocks of 62 companies when it filed with the SEC under the innovation exemption, while Nasdaq's September guidance warned that issuers must be cautious. OKXICE co-chair Andrew Cuomo said he expects more objections as companies avoid being the first to test the model.
- Morning Minute: Nine Blue Chip Companies Say No to Tokenized Stocks
Nine issuers, including Verizon, Broadcom, UnitedHealth and CoreWeave, have objected to their shares trading on OKXICE, the tokenized stock venue run by OKX and ICE, which had planned to list 63 companies. The nine make up 14% of that planned roster, and the notice does not say why they objected or whether they will be kept off the venue. OKXICE trades around the clock through Uniswap v4 pools on OKX’s XLayer chain, settled in USDC and USDT, but it is not registered with the SEC and is not subject to Regulation NMS, which requires investors to receive the best displayed price. Nasdaq is also opting its own shares out, citing the lack of real-time best prices and consolidated tape reporting. The article says Robinhood, Kraken and Backed Finance are also affected by the objections.
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