Reporting · markets
Apple and Meta among 67 companies opposing OKX-ICE tokenization plan
Bitcoinist reported that Apple and Meta now object to the OKX-ICE tokenization initiative, bringing total objections to 67 companies.
What happened
Bitcoinist reported that Apple and Meta now object to the OKX-ICE tokenization initiative, bringing total objections to 67 companies.
Why it matters
The objections show large corporations are publicly weighing in on tokenized US stock trading, a development that bears on who may take part in those markets.
Bitcoinist reported that Apple and Meta have joined the list of companies objecting to tokenization plans tied to OKX-ICE. The objections now total 67 companies. Of the original group of 62 companies, 56 rejected the proposal, a share the outlet put at roughly 90 percent of the initial list.
Other objectors named in the report include Palantir, S&P Global, KLA and Super Micro. Bitcoinist also pointed to earlier objections from Boeing, Home Depot, GE Vernova, Nebius and ServiceNow. On the other side, the outlet noted that Strategy, Coinbase, Circle and Robinhood have no disclosed objection, while Securitize and BitGo do not appear on the objection list.
The project's marketplace offers round-the-clock trading in tokenized US stocks, operating under the SEC's five-year Innovation Exemption, according to the report. Issuers have 30 days to block trading in their shares. Bitcoinist also cited Andrew Cuomo's view that more companies may warm to tokenization, and reported that unnamed businesses have approached the venture about participating. The report did not identify those businesses.
Sources
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