Companies Object to OKXICE Tokenised Stock Venture
Dozens of listed firms, including Apple, Microsoft and JPMorgan Chase, have moved to block their shares from a round-the-clock tokenised trading platform.
Updated on Nov. 6, 2026 in Public Companies
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Companies objected to inclusion in OKXICE, a joint venture of crypto firm OKX and Intercontinental Exchange that proposed round-the-clock trading in tokenised shares of 62 public companies. Of the original lineup, 54 companies have objected, including Apple, Microsoft, Alphabet, Nvidia, JPMorgan Chase and Walmart.
Why it matters
The objections push back on a model that would trade tokenised versions of shares without the issuing company's involvement, raising questions about pricing, liquidity and investor perception. The SEC's temporary exemption allowing such platforms to operate without exchange registration is central to the debate.
Of 62 public companies in the original OKXICE tokenised trading lineup, 54 have objected to inclusion, and companies have 30 days from receiving notice to block their listing. Eight original candidates, including Coinbase, Robinhood and Palantir, had no disclosed objection, leaving the final platform roster unsettled.
The players
OKX
OKX is a cryptocurrency exchange and derivatives platform that co-leads the OKXICE venture.
Intercontinental Exchange
Intercontinental Exchange is the parent company of the New York Stock Exchange and co-leads the OKXICE venture.
Securities and Exchange Commission
The Securities and Exchange Commission is the U.S. federal agency that regulates securities markets and issued the temporary exemption for tokenised stock trading.
The details
OKXICE, co-chaired by former New York governor Andrew Cuomo, proposed trading tokenised shares around the clock. The SEC's September exemption requires platforms to notify a company before offering shares tokenised by an unaffiliated third party, and to give those tokens the same rights as traditional shares. Applied Optoelectronics objected over possible effects on its stock's pricing, liquidity and volatility, and over concern that investors might assume it endorsed the offering.
Timeline
September: SEC issued the temporary exemption for tokenised stock trading.
This week: Boeing and ServiceNow joined the objection list.
30 days after notice: Deadline for companies to object and block inclusion.
Market Landscape
The SEC's September exemption opened a path for crypto-native platforms to trade tokenised equities without exchange registration, shifting competition toward firms able to clear the exemption's notice and rights requirements. Traditional exchange operators such as Intercontinental Exchange are now partnering with crypto firms, while listed companies test how much control they retain over their tokenised shares.
Investors who buy tokenised shares on platforms like OKXICE may be trading instruments that the issuing company has not endorsed, which could affect how those prices track the underlying stock. Retail investors should check whether a tokenised product is sponsored by the company before assuming it matches the traditional share.
The takeaway
Companies can object to having their shares listed on tokenised platforms, so ownership of the trading relationship is still contested. Readers should treat tokenised equities as a distinct product from the shares they represent until its terms are settled.
What happens next
Companies have 30 days from receiving notice to object, so final inclusion decisions for the OKXICE platform will be determined within that window.
Further reading
For broader coverage of listed companies and their markets, see Public Companies.
Source note: This article includes information reported by The Times of India.
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