OKX-ICE tokenized-stock objectors reach 56 firms, near 80% of slate

Objections to OKXICE — the 24/7 blockchain venue for tokenized U.S. stocks that OKX and NYSE parent ICE are building under the SEC's five-year Innovation Exemption — have climbed to 56 companies, with Amazon, Tesla and SpaceX among the latest to opt out, leaving nearly 80% of the venture's initial stock selection objecting. The venue would trade 60+ securities one-for-one backed by underlying shares through Uniswap v4 pools on OKX's XLayer chain.

• Co-chair Andrew Cuomo has called the objections a "natural response," and JPMorgan says its objection doesn't rule out future participation.
• Companies get 30 days to object to third-party tokenization; silence lets trading proceed without a later opt-out.
• Rival TSV LLC on the Canton Network could beat OKXICE to the first tokenized-stock trade, with issuer-sponsored listing sidestepping the objection process.

No OKXICE launch timing has been set.