All coins

WiremarketsBrief

Elon Musk’s Tesla and SpaceX Join 67 Firms Rejecting OKXICE Tokenised Stocks

Elon Musk's Tesla and SpaceX join 67 companies rejecting OKXICE tokenized stocks as his Hyperliquid reaction adds another twist.

Brief

By Dextape Desk ·

Tesla and SpaceX, both led by Elon Musk, are now among 67 firms objecting to a planned OKXICE tokenised stocks venue. The latest update added Palantir, S&P Global, KLA, Super Micro Computer and Meta. Of the 62 companies first selected, 56 have objected, while Boeing and ServiceNow have also objected to proposed symbols, leaving eight of 63 symbols without a disclosed opt-out. The joint venture between OKX and Intercontinental Exchange would offer tokenised US shares that trade round-the-clock, settled in stablecoins like USDC, through pools of liquidity restricted to permitted users on OKX's X Layer network. The SEC's temporary Innovation Exemption lets issuers object within 30 days to block a venue from listing their tokenised shares, though firms can still pursue their own tokenisation arrangements.

Why it matters: The objections leave open which large US equities could ultimately reach the venue, making it a closely watched test for tokenised shares.

Mentioned: Circle, OKX

Summary by Dextape, based on reporting by Cryptonews. Machine-written from Cryptonews’ report and checked against it · How Dextape writes

Read the full story

Headline and excerpt from Cryptonews’s public feed. Cryptonews holds the copyright and publishes the full story; Dextape links to it rather than reprinting it.

Mentioned in this story

Open a coin page for its current price.

Brief by

Dextape DeskEditors

The Dextape Desk signs Dextape's own work: briefs on wire stories, the daily market report and desk stories. Each is machine-written from the named sources and checked against them before it appears: no copied wording, no figure the source lacks, no advice. Longer pieces from the editorial desk need corroborating sources and an editor's review before release.

Share this story