Nvidia, Microsoft and JPMorgan are among about 50 major US companies objecting to tokenized shares trading on OKX. According to OKX's October 30 notice, the number of issuer objections now stands at 50, including Nike, Costco, Micron, Reddit and Iren. The objections target unaffiliated third-party tokens that track company shares on the OKXICE venue, a joint effort between OKX and ICE to launch a tokenized stock exchange. Separately, Nasdaq has its own tokenization plans with Kraken, and reports say it is encouraging listed companies to opt out of the OKX initiative. The speaker describes this as ongoing scorecard-keeping and expects companies will eventually tokenize their shares.
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JPM
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| Market | US stocks |
|---|---|
| Sector | Financials |
| Industry | Diversified Banks |
| Market cap | $913.3B |
| Close on 10/30/2026 | 337.11 |
| Change that session | -1.88% |
MSFT
• NeutralMicrosoft
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NVDA
• NeutralNvidia
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| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.81 |
| Change that session | -4.14% |
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Related news
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Microsoft, Alphabet, Goldman Sachs, Qualcomm, Caterpillar, McDonald’s and Western Digital have objected to their shares trading on OKXICE TSV, according to an Oct. 19 notice. The total number of objecting issuers rose to 16 from nine in the venue’s Oct. 15 notice, though neither notice gives reasons. The updated notice also says the venue may offer stocks tokenized by the issuers themselves, not only by third parties. OKXICE TSV is a planned 24/7 tokenized stock venue from OKX and ICE, running on Uniswap v4 pools on XLayer with stablecoin settlement under the SEC's innovation exemption. Nasdaq, which has its own tokenized securities pilot, said it will opt its shares out of the exemption.
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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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