Nearly 80% of Picked Stocks Now Reject OKX and ICE Tokenized Trading

The plan by OKX and Intercontinental Exchange to bring tokenized U.S. stocks onchain keeps losing support. Six more big names, Amazon, Tesla, SpaceX, Netflix, SoFi and Lam Research, have now said no.

The total count of objecting companies is now 56, up from 50 last week. Of the 62 stocks the venture first planned to list, 49 have refused, while 7 objectors were not on that list at all.

What the Venue Promises

Investors would trade tokenized shares at any hour and pay in stablecoins. The platform would run under a five year SEC exemption that allows software driven liquidity pools in place of a standard order book.

Who Is Still In

Only 13 firms from the original group remain without an objection, including Apple, Strategy, Robinhood, Coinbase, Palantir, Circle and Boeing. Securitize and BitGo have confirmed they will stay in

Co-chair Andrew Cuomo says many companies simply want to see the market working first, and that new firms have asked to join. A launch date has not been set, and more objections may still be published in the coming days.