Fifty public companies object to tokenized stock trading on OKXICE
Image: Crypto.newsFifty publicly traded companies have objected to having their shares tokenized on OKXICE. Nvidia, Nike, Costco, Micron, and Reddit are among the 12 companies added to the opposition list since October 28. A timely objection prevents third-party tokens of the company shares from trading on the venue under SEC rules. OKXICE plans to offer around-the-clock tokenized stocks through permissioned liquidity pools.
Key points
- Fifty publicly traded companies have objected to having their shares tokenized on OKXICE.
- Nvidia, Nike, Costco, Micron, and Reddit are among the latest companies to oppose the proposed trading arrangement.
- A timely objection prevents unaffiliated third-party tokens of company shares from trading on the venue.
Why it matters
Issuer objections prevent specific company shares from being included in third-party tokenized trading arrangements on the OKXICE venue under SEC rules.
Sources · 2 publishers
Blockonomi
Tier 3
Nvidia, Nike Join 50 Firms Opposing OKX-ICE Tokenized Stock Plan
Coverage timeline
- First reported by Crypto.news
- Also reported by Blockonomi
- CryptoVideos brief published
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