Nearly Half of Original Roster Opts Out as Corporate Objections to OKXICE Tokenised Stock Venue Hit 33
Nearly Half of Original Roster Opts Out as Corporate Objections to OKXICE Tokenised Stock Venue Hit 33 #
Corporate objections to OKXICE, the tokenised securities platform operated jointly by crypto exchange OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, reached 33 as of October 28, 2026. That total represents nearly half the 62 companies on the platform’s original proposed trading list.
The most recent objectors, disclosed in a public notice dated October 27, are JPMorgan Chase, Coca-Cola, Dell Technologies, Advanced Micro Devices (AMD), Adobe, Applied Materials and SanDisk, bringing the total from 26 to 33 in a single day. Earlier objectors include Microsoft, Alphabet, Goldman Sachs, Wells Fargo, Intel, IBM, Oracle and UnitedHealth. According to CoinDesk’s tally, 30 of the 62 companies on the original proposed list have opted out, approximately 48%.
OKXICE filed its intention to launch the Tokenised Securities Venue (TSV) in early October under the U.S. Securities and Exchange Commission’s so-called Innovation Exemption, a temporary five-year framework issued on September 17 that allows qualifying venues to trade blockchain-based representations of National Market System stocks without registering as a traditional exchange. The exemption requires a venue to notify any issuer whose shares it intends to tokenise, then observe a 30-calendar-day window during which that company may submit a written objection. A timely objection bars that specific venue from listing the affected token.
Objections are venue-specific: a company that opts out of OKXICE cannot prevent a separate platform from sending its own notification and starting a fresh 30-day clock. Critics from industry groups have argued the opt-out structure is insufficient and have called on regulators to replace it with a system requiring affirmative issuer consent before any tokenisation can proceed.
Andrew Cuomo, co-chair of OKXICE and the former Governor of New York, described the objections as a “natural response” to a dramatic market-structure change and said the venture had anticipated that many companies would prefer to observe before participating, according to CoinDesk. The filings provide no explanation for why individual companies object.
The OKXICE platform is designed to offer round-the-clock trading of tokens backed one-for-one by ordinary shares, with dividend and voting rights preserved. Trades would settle in one of three stablecoins, USDC, USDG or Tether’s USDT, on XLayer, OKX’s layer-2 blockchain network. With approximately half the intended roster having formally opted out, the platform will list fewer tokens at launch than originally proposed.
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