Fifty companies, including Nvidia, Microsoft and JPMorgan, have blocked OKX and ICE from tokenizing their shares under the SEC’s new Innovation Exemption.
Micah ZimmermanBitcoin Magazine · November 2, 2026 · 3h agoBrief · 1 min read
Fifty public companies have voiced opposition to their stock being turned into tokens on OKXICE, a venture run jointly by OKX and Intercontinental Exchange. The objections arrive as the first 30-day notice window nears its close on Tuesday. The latest batch, dated Oct. 30, added 12 names, including Nvidia and Nike. A CoinDesk tally puts objectors at 43 of the 62 companies initially proposed, about 69%. The pushback traces to a five-year SEC Innovation Exemption, which lets venues handle on-chain copies of U.S. equities without registering as exchanges; and no response from an issuer is treated as consent. The venue plans to trade tokens matched one-for-one with shares around the clock against USDC and similar stablecoins.
Why it matters: The dispute shows how rules allowing third-party stock tokenization without issuer consent are drawing resistance from listed companies and rival market operators.
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