Tesla and SpaceX are among six new companies that have objected to the trading of their shares on OKXICE TSV, a planned tokenized stock venue from a joint venture between Intercontinental Exchange and OKX’s U.S. holding company. The additions, disclosed in an updated notice dated Monday, bring the total number of objecting issuers to 56.
Amazon, Netflix, Lam Research, and SoFi Technologies also joined the list. The new names deepen the roster of megacap holdouts: Amazon, Tesla, and Netflix now join Microsoft, Alphabet, and Nvidia. SoFi, a fintech company that offers crypto trading, adds a company with its own stake in digital assets. SpaceX, which trades under the ticker SPCX, rounds out the batch.
Objections Have Grown Rapidly
The list has expanded quickly since the first objectors appeared. It stood at nine on Oct. 15, then rose to 38 on Oct. 28 after Walmart joined, and reached 50 in the venue’s Oct. 30 notice, when Nvidia, Costco, and Nike led the biggest batch yet. The latest additions push the total to 56.
Under the SEC’s innovation exemption, which the agency unveiled in September after the Clarity Act stalled in the Senate, a venue must notify a company before offering a version of its shares tokenized by an unaffiliated third party. If the company objects in writing within 30 days, the venue cannot make that stock available for trading, according to the SEC’s order. The objection applies only to that venue.
How the Venue Would Work
OKXICE TSV plans to offer tokenized U.S. stocks 24/7 through permissioned Uniswap v4 pools on OKX’s XLayer blockchain, paired with stablecoins such as USDC. To trade, users must pass identity and sanctions checks and hold a nontransferable “soulbound” token that the venue’s smart contracts verify before every transaction.
Apple is now one of the few megacap names still missing from the list. While objections bar OKXICE from listing third-party tokenized versions of a company’s stock, they do not close every door. The notice says the venue can also list shares tokenized by the issuers themselves, though it does not identify any, and that tokenized stocks it offers are not restricted to trading on OKXICE alone.
