Nvidia, Nike Join 50 Issuers Objecting to OKX-ICE Plan

OKXICE TSV has disclosed that 50 public companies have submitted Notices of Issuer Objection to its planned tokenized stock venue, including Nvidia, Nike, Costco, Microsoft, Alphabet and JPMorgan. The October 30 public notice lists the issuers while outlining a platform for trading tokenized U.S. NMS stocks through permissioned AMM pools on XLayer. The objections show broad issuer resistance to parts of the proposed tokenized-equity rollout.

OKXICE is a 50-50 joint venture between Intercontinental Exchange Holdings and OKC USA Holding. Its model allows tokenized stocks to be issued either by the underlying company or by an unaffiliated third-party tokenizer, with third-party tokens backed one-for-one by shares held through a registered broker-dealer. The venue says token holders must receive equivalent economic and voting rights to holders of the underlying shares, linking the structure to real-world asset tokenization.

The notice does not state in the issuer-objection section that every objection automatically cancels a listing, so the filings should not be described as completed removals without further confirmation. The next point to watch is how OKXICE responds to the 50 objections and which securities ultimately become available when the venue proceeds. Any changes to the eligible stock list or tokenization arrangements should appear in subsequent public disclosures.

Source: OKXICE TSV.

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