OKX-ICE Tokenization Plan Faces Objections From Dozens of Companies

Sixty-two publicly traded companies have objected to having their shares tokenized by OKX and Intercontinental Exchange, with Boeing, Nebius, and ServiceNow the latest to refuse. OKX, a crypto trading platform, and ICE, owner of the New York Stock Exchange, had sought SEC approval to trade tokenized shares of at least 63 NYSE-listed firms after a temporary September exemption allowed secondary trading of tokenized U.S. stocks. Objections rose from 50 companies on Nov. 2, including JPMorgan, Goldman Sachs, Coca-Cola, and Walmart, to 56 on Nov. 3 and later included Apple and Home Depot. The 62 total consists of 54 companies from the original list and eight others that objected preemptively; concerns cited include share prices, liquidity, shareholder rights, and transparency.