Nvidia, Costco, Nike Among 12 New Firms Opposing OKXICE Tokenized Stocks Plan

Nvidia, Costco, Nike, and Reddit are among 12 additional companies that have formally objected to OKXICE's plan to tokenize their shares on its proposed trading platform, bringing the total number of objecting firms to 50. The objections leave only a small fraction of the venture's original target companies without formal opposition. The pushback centers on OKXICE's proposal to offer tokenized versions of publicly traded equities, a structure that has drawn resistance from issuers concerned about unauthorized use of their shares in crypto-linked trading products. The breadth of opposition—spanning major technology, retail, and consumer brands—could complicate regulatory approval and market adoption of the platform. Watch for whether OKXICE revises its tokenization approach, seeks issuer licensing agreements, or proceeds despite the objections, as well as any regulatory response to the contested structure.