TLDR
- Objections to OKX-ICE’s tokenized stock plan have reached 56 companies, up from 50 on Friday.
- About 79% of the 62 companies first picked for the venue have objected.
- Thirteen companies from the original list have not disclosed an objection, including Apple and Coinbase.
- SpaceX objected even though its tokenized shares drew more than $1.9 billion in offshore trading in June.
- Co-chair Andrew Cuomo gave no launch date and no count of stocks for the start of trading.
OKX-ICE added six names to its list of objecting companies on Monday, Nov. 2. Amazon, Tesla, SpaceX, Netflix, SoFi Technologies and Lam Research all appeared in the venture’s updated public notice. The total of disclosed objections now stands at 56, up from 50 in Friday’s update.
LATEST: ⚡️ SpaceX has objected to OKX-ICE listing tokenized versions of its stock, joining 55 other companies, including Tesla and Amazon, in opposing the venue's planned US offering. pic.twitter.com/SrbRejBa7L
— CoinMarketCap (@CoinMarketCap) November 4, 2026
OKX-ICE is a joint venture between crypto exchange OKX and Intercontinental Exchange, the parent company of the New York Stock Exchange. It plans to let investors trade tokenized versions of U.S. shares around the clock. Trades would be paid for with stablecoins.
How the Objection Window Works
The venue operates under the SEC’s five-year innovation exemption, introduced in September. The rule lets qualifying platforms offer tokenized U.S. stocks without registering as national securities exchanges. It also lets them use automated market makers, which run trades through pools of assets instead of matching buyers and sellers in an order book.
The same framework gives companies a say. Issuers have 30 days after receiving a venue’s written notice to object. An objection effectively keeps their tokenized shares off the platform.
OKX-ICE published its first filing on Oct. 4. For companies that received notice that day, the deadline falls on Tuesday, Nov. 3. The clock runs from when each company receives its own notice, so the filing does not set one shared deadline.
Venues have up to five business days to publish objections. More responses could therefore appear after the deadline passes.
OKX-ICE first picked 62 companies for trading. CoinDesk counted 49 of them, about 79%, among the objectors. Seven other objecting companies were not on the original list.
Thirteen companies from the original selection have no disclosed objection as of Monday’s notice. They are Apple, Strategy, Robinhood, Coinbase, Super Micro Computer, Palantir, Circle, ServiceNow, GE Vernova, Boeing, Home Depot, Securitize and BitGo. Securitize and BitGo earlier told CoinDesk they did not plan to object.
SpaceX’s objection stands out because tokenized versions of its stock already trade outside the U.S. Those tokens have drawn heavy activity since the company’s June public offering. Backpack Securities and Kraken, through its xStocks product, each prepared tokens designed to be backed by actual shares.
Backpack’s SPCX token recorded $1.08 billion in onchain trading volume in June. Kraken’s SPCXx token recorded $852 million. Unlike those platforms, OKX-ICE would open tokenized trading to U.S. investors.
Tokenized stocks are blockchain-based representations of company shares. They give investors exposure to equities onchain, often around the clock. Depending on the structure, the rights of a token holder may differ from those of a regular shareholder.
Nasdaq warned issuers in September that they “must be cautious about their participation” in the venture. It argued that tokenized trading could split liquidity and hurt long-term shareholder value.
Cuomo told Cointelegraph on Oct. 20 that he expected more objections. He said companies were avoiding being the first to test the model.
At a press conference on Friday, Cuomo said many companies wanted to see how the market worked before joining. He said some companies outside the initial selection had approached the venture, but he did not name them or give a number. He also gave no launch date and did not say how many stocks would be available at the start.
“I think the more people become familiar with tokenization, and the more they see the benefits of tokenization, I think you’ll see more and more companies participate,” Cuomo said. “But we are at the very beginning of the rollout of fundamentally different market structure.”
Further objections could still be published in the coming days, as venues have up to five business days after the deadline to post them.
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