22 Companies Object to OKXICE Tokenized Shares

Twenty-two public companies have objected to having their shares tokenized on OKXICE, according to a public notice dated Oct. 23, 2026. The count has more than doubled from nine recorded in mid-October.

The notice added Wells Fargo, Arm Holdings, Cisco Systems, Moderna, Intuit and Marvell Technology. The other objecting companies are Microsoft, Alphabet, Goldman Sachs, Broadcom, Verizon Communications, Qualcomm, UnitedHealth Group, Caterpillar, McDonald’s, Western Digital, Applied Digital, Applied Optoelectronics, AppLovin, Rocket Lab, CoreWeave and Cerebras Systems.

OKXICE is a joint venture between Intercontinental Exchange Holdings, the parent company of the New York Stock Exchange, and an affiliate of cryptocurrency exchange OKX. It plans to offer tokenized versions of U.S. national market system stocks through permissioned automated market-maker pools on OKX’s XLayer network. The tokens would be paired with payment stablecoins such as USDC or USDG.

The SEC order supporting the venue was issued Sept. 17 and published in the Federal Register five days later. It provides qualified platforms with temporary relief from exchange-registration requirements for certain tokenized-equity activities and limited relief from the dealer definition for some liquidity providers. The relief expires five years after publication.

Before OKXICE can offer a tokenized share that was not created by the issuer, it must send the company written notice and wait at least 30 calendar days. A written objection during that period prevents the token from trading on the venue. OKXICE then has five business days to disclose the objection in a revised public notice.

The Oct. 23 notice did not give reasons for the objections. Nineteen of the 22 companies appeared on OKXICE’s original proposed roster. Wells Fargo, Arm and Cerebras objected even though they were not on that roster.

The original notice, dated Oct. 4, proposed 63 tokenized stocks from 62 companies, with Alphabet’s two share classes listed separately. The venue has not announced a launch date, and the 30-day objection period remains open. The final roster may therefore change.

An objection applies only to OKXICE’s venue. It does not prevent a company from considering tokenization through another platform or its own channels. The original roster still includes Nvidia, Tesla, Apple, Amazon, Costco, Walmart and JPMorgan Chase. Goldman Sachs remains on the list of companies that have objected.

Under the proposed structure, a third-party tokenizer would hold the underlying shares on a one-for-one basis for the tokens. Only wallets containing a nontransferable digital credential issued by OKXICE would be allowed to trade.