56 of 62 Companies Object to OKXICE Stock Token Plans
OKXICE’s original stock selection has narrowed to six crypto-linked firms without disclosed objections. Robinhood confirmed it does not object.
Key Notes
- 56 of OKXICE’s original 62 companies appear on its issuer objection register.
- Robinhood explicitly confirmed that it does not object, while three other crypto firms have not confirmed their positions.
- The venue has not announced a launch date or final stock lineup.
Fifty-six of the 62 companies originally selected for OKXICE’s planned tokenized-stock venue have objected to trading tokens of their shares, leaving six crypto-linked businesses without a disclosed objection. Robinhood has confirmed that it does not oppose inclusion, although the remaining names are not a confirmed launch lineup.
The platform is a joint venture between crypto exchange OKX and Intercontinental Exchange, the owner of the New York Stock Exchange. Its proposed round-the-clock market has encountered resistance from companies across technology, banking and other industries.
Six Crypto-Linked Companies Remain
The six are Robinhood, Securitize, BitGo, Circle, Coinbase, and Strategy. CoinScreamer’s comparison of the original October 4 selection with the venue’s November 5 public notice confirms the 56-of-62 count, equivalent to about 90%.
The latest register contains 67 objectors overall, including 11 companies outside the original selection. Apple, Meta, Alphabet, Nvidia, Goldman Sachs, and JPMorgan are among the names on that broader list. The two totals, therefore, describe different groups.
A Robinhood spokesperson told CoinDesk that the company did not object, joining Securitize and BitGo in explicitly taking that position. “We think tokenization is the future of financial markets,” the spokesperson said.
Circle declined to comment on whether it had objected, while Coinbase and Strategy did not respond to CoinDesk’s requests. Their absence from the register should not be treated as an affirmative endorsement.
Objections Apply to a Specific Trading Model
Under the SEC’s innovation exemption, qualifying venues can trade eligible stock tokens through permissioned automated market makers. Before offering a token created by an unaffiliated third party, a venue must notify the underlying company and give it an opportunity to object.
The SEC’s order gives issuers 30 calendar days from receiving notice. A timely written objection prevents that token from trading on the venue. The venue then has five business days to disclose the objection, so a public register can lag correspondence received.
The mechanism concerns a particular venue and token structure. An objection alone does not establish that a company rejects blockchain-based securities in every form, or reveal its reasons for opting out.
Trading Plans Still Have No Launch Date
As described in CoinScreamer’s earlier coverage, OKXICE plans to use Uniswap v4 liquidity pools on X Layer, pairing share-backed tokens with stablecoins. Access would require identity checks and approved wallets. Eligible tokens must preserve the rights of the equivalent underlying shares.
Other tokenized-stock products operate through different arrangements. Securitize’s Solana stock offering, for example, already uses a registered broker-dealer and does not depend on this exemption.
OKXICE’s public page still describes the venue as coming and gives no launch date. The six names without disclosed objections indicate the potential scope of trading, rather than a finalized list of stocks investors can buy there.
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