Twelve More Companies Object to OKX–ICE Tokenized Stock Plans

Technology · First reported 2 Nov, 15:26 · Updated 15:55

Image: Wikimedia Commons · Rekia1991 · CC BY-SA 4.0

Nvidia, Costco and Nike are among 12 companies newly listed as objecting to trading of their shares on the planned OKX–ICE venue, bringing the disclosed total to 50. Under the SEC process described in the coverage, a timely written objection prevents that venue from listing an unaffiliated third party’s tokenized version of the company’s stock.

The venue’s Oct. 30 notice added 12 objectors, taking the list from 38 in the Oct. 28 notice to 50.
The SEC process gives a company 30 days to object in writing; an objection bars the venue from offering that company’s stock as a third-party tokenized asset.
CoinDesk reports that nearly 70% of companies initially selected for trading opted out, while 19 companies, including Apple, Tesla and Amazon, had no disclosed objection as the response window neared its end.

Summary written by Lux AI from 2 articles

Key facts

Newly listed objectors: 12 companies in the Oct. 30 notice.
Total listed objectors: 50 companies.
SEC objection period: 30 days to object in writing.
Venue ownership: A 50-50 joint venture between Intercontinental Exchange and OKX’s U.S. holding company.
CoinDesk estimate: Nearly 70% of companies initially selected for trading had opted out.