The resistance to tokenized stocks is growing. Walmart and Eli Lilly have joined the expanding pushback against the OKX–ICE tokenized stock plans, per CoinDesk — the latest blue-chip companies to object to having their shares traded on the crypto-native joint venue.
OKX and Intercontinental Exchange tokenized stocks (Credits: CoinDesk)
Why Companies Are Objecting to OKX-ICE Tokenized Stocks
The objections are about the venue, not the asset class. As CoinStats reports, 22 issuers have now objected — and an objection blocks trading on the OKX–ICE platform only. It doesn’t mean a company is closed to tokenizing its shares through a venue it trusts more. Tokenization is also proceeding on parallel rails: Securitize recently put twelve U.S. equities onchain on Solana.
Nasdaq is playing its own complicated game: the exchange has refused tokenization of its own shares while remaining in favor of tokenization broadly — and the SEC has approved its own pilot. The OKX–ICE venture’s launch, co-chaired by Andrew Cuomo, covers dozens of companies including Nvidia, Apple, Microsoft, Amazon and Tesla.
What the SEC’s Five-Year Tokenized Stocks Sandbox Means
The exemption granted by the SEC runs for five years and caps the system at 75 then 250 symbols, for 0.25% then 2.5% of daily volume. Legal observers, including Cooley’s Rodrigo Seira, see it as an observation period before permanent rules are written. Meanwhile, the same Nasdaq that objects to its own tokens has estimated the collateral tokenization could release in the billions.
For readers watching the space: the distinction between venue-level resistance and asset-class demand is the difference between a setback for one operator and a verdict on tokenization itself.
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Source: CoinDesk — read the full story there.
