OKXICE faces 50 corporate objections to tokenized stock trading
CIE News ·
Based on reporting by crypto.news; not yet independently confirmed.
Fifty public companies, including Nvidia and Nike, have objected to having their shares tokenized on OKXICE, blocking the planned 24/7 XLayer trading pools under SEC exemption rules.
Fifty publicly traded companies have filed formal objections against having their equity tokenized on OKXICE, according to crypto.news. The joint venture between OKX and Intercontinental Exchange originally identified 62 issuers for trading on 24/7 XLayer liquidity pools, but recent opposition from firms including Nvidia, Nike, Costco, Micron, and Reddit raised the total count of objectors from 38 on October 28 to 50 on October 30. Under SEC temporary exemption rules, timely objections from issuers bar the venue from launching or trading unauthorized tokenized representations of their shares.
Key facts
- 50 corporate objections
- OKXICE joint venture
- Blocked XLayer liquidity pools
- 62 companies initially scoped
Read the original at crypto.news