All of the Magnificent Seven have now opted out of the OKX-ICE tokenized stock venue, with 67 issuers objecting

All seven companies comprising the Magnificent Seven have formally filed objections to prevent the OKX-ICE tokenized stock venue from listing third-party tokens of their shares. This venue, a joint venture between Intercontinental Exchange and OKX, intended to facilitate 24/7 trading of tokenized U.S. equities on the XLayer blockchain using permissioned Uniswap v4 liquidity pools. The total number of issuers objecting to the platform has reached 67, including major financial institutions like JPMorgan Chase and Goldman Sachs, as well as prominent technology and retail firms. These objections are facilitated by a recent SEC innovation exemption that requires venues to provide issuers with a 30-day window to block third-party tokenization of their securities. While the venue remains unregistered with the SEC and exempt from Regulation NMS, the widespread pushback highlights significant corporate resistance to third-party on-chain representations of their equity. The lack of public explanation from these companies suggests concerns regarding shareholder registry integrity and potential price discrepancies between traditional and tokenized assets. This development creates a substantial hurdle for the venue's operational viability, as it limits the available pool of assets for its planned trading platform.