Industry / Tokenized stocks

Nvidia and Nike join the objectors as 50 companies now keep their shares off OKXICE

The list of companies telling OKXICE to leave their shares alone has grown again. The venue's October 30 notice names 50 objecting issuers, up from 38 two days earlier, crypto.news and TokenPost reported. Nvidia and Nike lead the 12 new names, joined by Costco, Micron, Reddit, CrowdStrike, Corning, IREN, USA Rare Earth, Bloom Energy, Palo Alto Networks and Hewlett Packard Enterprise. The notice does not say why they objected.

OKXICE LLC is a 50-50 joint venture of Intercontinental Exchange and an OKX affiliate. It plans round-the-clock trading of tokenized US stocks in permissioned pools on X Layer. Under the SEC's September 17 conditional exemption, a company has 30 calendar days after a venue's notice to object, and a timely written objection bars that token from the venue, TokenPost reported.

The restriction applies only to third-party tokens on that venue. It does not touch tokens a company issues itself, and companies can support tokenization elsewhere. crypto.news said OKXICE has not announced a confirmed launch date and that Nasdaq is pursuing a separate model with Kraken that is targeted for the second quarter of 2027. Our earlier reports followed the count from 22 to 33 and then 38.

This story is reporting and analysis. It is not financial, legal or tax advice.