Amazon, Tesla, SpaceX, Netflix, SoFi Technologies, and Lam Research objected to OKXICE’s proposed US tokenized-stock venue, according to the venture’s November 2 notice.

OKXICE is a joint venture between crypto exchange OKX and Intercontinental Exchange, the parent of the New York Stock Exchange. The notice disclosed 56 objections. Of the 62 companies initially selected for trading, 49 had objected.

The venue plans 24-hour trading in tokenized US shares using stablecoins under the US Securities and Exchange Commission’s five-year innovation exemption, issued in September 2026 as temporary conditional relief subject to investor-protection, reporting, and recordkeeping requirements.

In many proposed tokenized-stock structures, investors’ dividend and voting rights can depend on platform contracts rather than direct shareholder status.

Issuer objections do not automatically block secondary trading under US securities law. But venues relying on the exemption may have to exclude objecting companies’ stocks during the pilot, which could narrow the initial lineup.

🔗 Source: CoinDesk