Robinhood backs OKX-ICE tokenized shares as 90% of issuers object

Robinhood confirmed it will not block tokenized versions of its shares trading on OKX–ICE's OKXICE venue, joining Securitize and BitGo as one of only three of the 62 originally proposed companies to publicly support it. A spokesperson said, "We think tokenization is the future of financial markets. We would rather be part of building it than sit on the sidelines."

The decision clarifies a starting lineup that has narrowed sharply: 56 of the 62 companies in the venue's initial selection — about 90% — have objected to third-party tokenization, including Apple and Meta. The six firms without a disclosed objection in the Nov. 5 filing are all crypto-linked: Robinhood, Securitize, BitGo, Circle, Coinbase and Strategy.

OKXICE plans 24/7, stablecoin-settled trading of tokenized U.S. stocks under the SEC's five-year Innovation Exemption, which gives issuers 30 days to reject a listing. Rival TSV on the Canton Network went live this week with an issuer-sponsored listing. No OKXICE launch timing has been set.