Wave of Corporate Pushback Hits OKXICE Tokenization Ambitions

Fifty companies have now formally objected to OKXICE’s tokenization scheme, covering roughly 79 percent of the original 63 names and a combined market value of about 25 trillion dollars. Fresh additions include Nvidia, Costco, Nike, CrowdStrike and Reddit.

The joint venture between OKX and ICE had hoped to offer blockchain-based versions of major U.S. stocks that could trade around the clock via stablecoins on Uniswap v4. The growing list of refusals undercuts that plan.

The objections come after the SEC granted temporary exemptions in September that would have let compliant platforms bypass certain traditional exchange rules. With more household names opting out, the project faces mounting practical and reputational hurdles.

Based on information from cryptonews.net