Nvidia, Costco and 10 More Issuers Opt Out of ICE and OKX’s Tokenized Stock Venue

The OKXICE tokenized stock venue, a joint venture between Intercontinental Exchange and OKX, faces growing resistance as 50 public companies have now filed formal objections to having their shares traded on the platform. Recent additions to the opt-out list include major corporations such as Nvidia, Costco, Nike, and Micron, increasing the count from 38 to 50 within two days. The venue relies on an SEC exemptive order that prohibits the listing of stocks if the issuer files a timely objection against an unaffiliated third-party tokenizer. Despite these developments, the platform has yet to announce a formal launch date for its permissioned Uniswap v4 liquidity pools on the XLayer network. The venue's disclosure documents highlight significant operational risks, including the lack of external audits for its soulbound access token contract and uncertainty regarding SIPC coverage for tokenized assets. Furthermore, the platform admits it is not registered with the SEC and lacks specific policies to address maximal extractable value risks. This trend of corporate pushback underscores the ongoing friction between traditional equity issuers and emerging decentralized trading venues seeking to tokenize public securities.