50 Companies Object to Trading of Their Stock Tokens on OKXICE
Key Facts
Yahoo Finance reported on November 2, 2026, that 50 companies had objected to the trading of tokens representing their shares on OKXICE. The report said the list includes Microsoft, Nvidia and JPMorgan Chase. The growing objections come as the platform pursues a plan to offer tokenized stocks under a temporary, conditional U.S. regulatory framework. The SEC order defines the relevant token as a security tokenized by the issuer or its agent, or by a third party unaffiliated with the issuer. The dispute therefore concerns specific stock tokens offered through this platform and does not amount to a general ban on tokenization.
The number of publicly reported objections had reached 33 on October 28, according to a CoinDesk report that day. The report said 7 companies had newly joined the objectors and that 30 of the 62 companies on the initial proposed list had objected at that point, or about 48%. This indicates that the objections came from companies on the list the platform proposed for trading, rather than all the names on it. Bloomberg reported that OKXICE, a joint venture between OKX and Intercontinental Exchange, initially planned to seek approval for tokenized shares of 63 public companies. The proposal places the list of objecting companies in the context of a broader initial list, while the figures remain tied to the different dates of the reports.
On September 17, 2026, the SEC issued a temporary, conditional exemption for specified platforms to facilitate authorized trading of tokenized U.S. stocks through automated market makers and liquidity pools. The commission says a platform must publish its notice at least 30 calendar days before beginning operations. The rules also give an issuer an opportunity to object to a third-party token representing its shares. The SEC’s page listed OKXICE TSV among the entities that had notified it of their intent to operate under the exemption, with the notice recorded on October 4, 2026. However, the commission clarifies that listing a platform in the notice register does not mean it has approved the accuracy of the notice or confirmed that the exemption’s conditions have been met.
The SEC describes the exemption as temporary and conditional, tied to allowing tokenized stock trading through specified mechanisms. Under its order, the exemption remains available to a platform that meets the conditions until September 17, 2031. The order includes a request for comment, leaving room for the commission to receive feedback on the framework and take further steps. In the platform’s plan as described by CoinDesk, the tokens carry the same dividend and voting rights associated with ordinary shares. The report said the plan aims to move tokenized stock trading to a regulated platform in the United States, after stock-linked products have been available on offshore platforms.