Apple and Meta join the revolt against OKXICE as 67 companies object to tokenized trading of their shares, leaving six crypto-linked firms without a disclosed objection

The revolt against OKXICE's plan to trade tokenized stocks has reached the biggest names in tech. CoinDesk's tally stands at 67 objecting companies, up from 50 on Monday, according to Global Crypto Press. Apple joined earlier this week, and Meta, Palantir, S&P Global, KLA and Super Micro Computer followed. Of the 62 companies in OKXICE's initial selection, 56, about 90%, have objected, and 11 firms outside the selection have as well.

That leaves six initial-selection companies with no disclosed objection: Strategy, Coinbase, Circle, Robinhood, Securitize and BitGo. Securitize and BitGo had told CoinDesk they did not plan to object, and Global Crypto Press notes that not objecting is not the same as endorsing the project.

The venue operates under the SEC's five-year Innovation Exemption, CoinDesk said. A company that objects within 30 calendar days of notice can keep unaffiliated third-party tokens of its shares off OKXICE, CoinDesk said; Global Crypto Press adds that it can still tokenize its own shares elsewhere. Because venues have up to five business days to publish objections, the public list can lag, and CoinDesk said OKXICE may not have disclosed everything. Co-chairman Andrew Cuomo said other companies have approached the venture, without giving a count.