Nine U.S. companies objected to trading tokenized versions of their shares on OKXICE, according to an official notice from the venue dated October 15, 2026. Under a temporary U.S. Securities and Exchange Commission regime, the objections prevent OKXICE from offering tokenized shares in those companies, although the restriction applies only to that operator.

OKXICE is a joint platform of crypto exchange OKX and Intercontinental Exchange, the parent company of the New York Stock Exchange.

The companies that objected are Cerebras Systems (CBRS), AppLovin (APP), Applied Digital (APLD), Rocket Lab (RKLB), CoreWeave (CRWV), Verizon (VZ), Applied Optoelectronics (AAOI), Broadcom (AVGO) and UnitedHealth Group (UNH).

The OKXICE notice does not disclose their reasons. An Applied Optoelectronics representative told The Wall Street Journal that the company was uncertain about the consequences of tokenization for its share price, liquidity and volatility.

The representative said investors could mistakenly assume the issuer had launched or approved the related digital assets. Applied Optoelectronics also saw no clear benefits that would justify the potential risks to shareholders, she said.

Eight of the nine companies had appeared on a list of 63 issuers whose shares OKXICE planned to tokenize. Cerebras Systems was the exception.

SEC rules allow issuers to object

The SEC on September 17, 2026, granted a temporary regulatory exemption to venues trading tokenized shares. The five-year experimental regime allows qualifying platforms to operate without registering as traditional stock exchanges, provided they meet the SEC’s conditions.

When a third party carries out the tokenization, the venue must notify the issuer at least 30 calendar days before trading begins. The company may file a formal objection during that period, after which the venue cannot offer a tokenized version of its shares.

The restriction applies only to the specific operator and does not mean the issuer has rejected tokenization generally.

Nasdaq similarly declined to tokenize its own shares under the SEC regime. Its representatives attributed the decision to risks associated with trading outside traditional market infrastructure, where quote-disclosure requirements and pricing-transparency standards apply. Nasdaq continues to develop its own systems for trading tokenized securities.

OKXICE plans trading in other tokenized shares

Despite the nine objections, OKXICE plans to offer tokenized shares in dozens of other U.S. companies. Potential assets include securities issued by Nvidia, Apple, Microsoft, Amazon, Alphabet, Tesla, JPMorgan Chase and Walmart.

According to the platform’s documentation, OKXICE will use the X Layer Layer 2 network and liquidity pools based on Uniswap v4. The tokenized shares are expected to trade in pairs with the USDC, USDG and USDT stablecoins.

Users will have to complete identity verification and sanctions screening. Their wallets will then receive a non-transferable Soulbound Token confirming their eligibility to trade. OKXICE has not disclosed an exact launch date.

Other tokenization projects face issuer concerns

Other companies continue to develop similar infrastructure. On October 9, Securitize announced plans to launch tokenized shares of U.S. companies on the Solana network and later expand to OKXICE and the NYSE digital venue.

Robinhood and AMC Entertainment were previously involved in a dispute over similar instruments. The cinema chain’s management opposed tokens linked to its shares and said the company was not involved in the project.

Robinhood’s tokenized stocks nevertheless attracted speculative activity worth hundreds of millions of dollars, while the prices of some tokens deviated significantly from those of the underlying securities.

Source: Incrypted