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'.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
cryptotokenizationregulationNvidia
Open a keyword to see other news on the same topic.
Related tickers and likely impact
MSFT
• NeutralMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 10/30/2026 | 521.90 |
| Change that session | -1.55% |
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
- Nasdaq-listed Canton Strategic Holdings plans tokenized stock trading from Nov. 2
Nasdaq-listed Canton Strategic Holdings, formerly Tharimmune, plans to tokenize its common shares on the Canton Network, with trading possibly starting Nov. 2. Partners TSV LLC, a trading venue for tokenized securities, and Fairmint, an SEC-registered transfer agent that will keep ownership records and oversee compliance, are supporting the rollout. The tokenized shares would carry the same shareholder rights as the Nasdaq-listed stock, with round-the-clock trading through an automated market maker and immediate settlement, under the SEC's September innovation exemption. The company shifted to digital assets in November 2025 after raising $545 million, and it holds Canton Coin and invests in Canton Network projects, though it is not the network's developer, Digital Asset. At last look, CNTN was up more than 4.5% at about $2.13, with a market cap of $170 million.
- Walmart, Eli Lilly Join 38 Companies Opposing OKX-ICE Tokenized Stocks
Walmart, Eli Lilly, Cigna Group, Carnival and Arcos Dorados have objected to plans to offer tokenized versions of their shares on a trading venue backed by OKX and ICE. Their objections, dated October 28, bring the total number of objecting companies to 38, up from nine on October 15, and include McDonald's, Microsoft, JPMorgan Chase, Coca-Cola and Dell Technologies. Under the SEC's September order, a company that submits a written objection within 30 days prevents the venue from listing that tokenized stock under the exemption, though the notices do not explain the reasons. The venue, OKXICE TSV, is a joint venture between ICE and OKX's US holding company, and plans to let approved users trade tokenized US stocks around the clock on Uniswap v4 pools on OKX's XLayer blockchain. Nvidia, Tesla, Apple and Amazon have not yet objected.
- Robinhood’s Tenev warns US tokenization uncertainty deters ‘serious assets’
Robinhood CEO Vlad Tenev says uncertainty over how long US tokenization rules will last could keep investors from putting substantial assets into tokenized markets, even though the SEC has opened a temporary path through an innovation exemption. He says further rulemaking or legislation is needed to provide longer-term certainty, and Binance Research projects the tokenized equities market could reach $349 billion by 2030 under its base case, from $4.43 billion as of Sept. 15. In the third quarter, Robinhood's crypto revenue fell 55% year on year to $120 million and crypto notional trading volume fell 38% to $50 billion. By contrast, event-contract revenue rose sixfold to $173 million, and total net revenue rose 12% to a record $1.42 billion, below analyst expectations. Adjusted EPS was $0.60, missing estimates by 4 cents.
- 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, Cisco, Marvell among latest firms objecting to OKXICE's tokenized stock plan
Cisco, Wells Fargo, Marvell, Arm, Intuit and Moderna have opted out of OKXICE's plan to offer blockchain-based trading of their tokenized shares, bringing total objections to 22, according to Reuters. The objections are a hurdle for the joint venture of crypto exchange OKX and NYSE parent Intercontinental Exchange under the SEC's new framework, which gives issuers 30 days to block their shares from trading on a tokenized securities venue. OKXICE co-chairman Andrew Cuomo said objections were expected, as many companies prefer to wait and see how the new market works. The venture's original roster covered 62 companies, but Wells Fargo and Arm were not on it, so the 22 objections cannot all be counted as departures from that list. An objection blocks trading only on that venue and does not signal opposition to all forms of stock tokenization.
- 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.
Related markets
Latest news
- FBI Blames North Korea for $6B Binance Hack as Exchange Reopens Withdrawals
The FBI said North Korea's TraderTraitor was behind the theft of more than $6 billion from Binance and published hundreds of linked addresses. Binance began restoring withdrawals on Sunday, processing $4.649 billion in withdrawals and $1.01 billion in deposits in the first nine and a half hours, a net outflow of about $3.64 billion, or 2.1% of the $171 billion in assets reported in its latest proof of reserves. The FBI said the hackers mainly converted stolen assets into Ethereum and were expected to launder funds through DeFi and instant swap services, urging businesses to block transactions tied to hundreds of Ethereum addresses, 19 Bitcoin addresses and one Solana address. Chainalysis said more than $500 million had moved through Tron, while CEO Richard Teng said Binance had replenished about 95% of affected assets and would absorb the financial impact. According to Reuters, Circle has frozen more than $1.1 billion in USDC.
- The latest market wobble sees Citi giving up on this big tech trade
Hyperscaler stocks and growth plays have underperformed amid a sharp rotation in the market.
- Tech stock plunge aftermath a seen in 3 pictures
The technology sector has fallen 10% from its peak as investors scrutinize AI capital spending, free cash flow and the durability of earnings growth, according to Keith Lerner, chief markets strategist at Truist, who said further downside risk is possible. More than $1 trillion in market value was wiped out on Friday as worries grew over weaker cash flow at Big Tech firms spending heavily on AI. Google (GOOG) reported negative free cash flow in the third quarter, Amazon (AMZN) did the same, and Meta (META) posted negative free cash flow for the first time since 2012 a week earlier. Tech stocks now trade below their 10-year average P/E ratio, and history suggests more selling pressure could follow.
- Stock Market Today: Dow Jones, S&P 500 Futures Rise Ahead of Apple, Palantir Earnings: RYAAY, USLM, INO in Focus
U.S. stocks rose on Monday as Dow Jones, S&P 500 and Nasdaq 100 index futures advanced following Friday's lower close. President Donald Trump said Sunday that the U.S. has already won in Iran and will wrap up the war.
- Gold Prices Recover Above $3,900 as Investors Return Following October Selloff
Gold climbed back above $3,900 an ounce on Monday as investors returned after its sharpest monthly decline since 2008, with spot gold up 0.7% to $3,902.81. A weaker US dollar, with the Dollar Index down 0.4% to 101.45, supported the recovery, while silver rose 2.6% to $50.4095 an ounce. The previous session saw gold fall 3.7% to a one-year low. ANZ said elevated bond yields were an obstacle to a sustained rebound, citing US consumer spending expanding at an annualised rate of 3.8%, though gold-backed ETFs attracted more than 50 tonnes of inflows in September even as US Treasury yields exceeded 5%. Oil prices fell for a second straight session after Secretary of State Marco Rubio said President Trump preferred a diplomatic settlement.
- S&P 500, Nasdaq Futures Rise Premarket After Wall Street’s Worst Week In Months: AAPL, PLTR, GOOGL, INTC, TGTX In Focus
U.S. stock futures edged higher premarket on Monday, recovering some ground after Wall Street ended the previous week in the red. S&P 500 and Nasdaq-100 futures rose 0.5% and 0.83%, after the S&P 500 fell 2% and the Nasdaq 100 dropped 3.5% on Friday as investors pulled back from tech and AI-related stocks. Oil fell more than 4% as optimism over diplomatic efforts to end the U.S.-Israeli war with Iran eased supply concerns, with Brent for January delivery down 4.21% to $108.66 a barrel and WTI down 4.1% to $99.85. Apple and Palantir report earnings after the close, while Alphabet fell 12.6% last week and Intel dropped 24% after a weaker-than-expected fourth-quarter outlook.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.