Nvidia, Costco and Nike join pushback against OKX–ICE tokenized stock plans
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Nvidia, Costco and Nike have joined a growing wave of corporate pushback against OKX and Intercontinental Exchange's (ICE) plans to launch tokenized stock trading, with nearly 70% of the companies initially selected for the offering opting out. The 30-day response window for the initiative is nearing its end, and 19 firms—including Apple, Tesla and Amazon—have so far raised no disclosed objection. The resistance from major listed companies highlights legal and governance hurdles facing tokenized equities, a sector where OKX, one of the world's largest crypto exchanges, is seeking to expand alongside ICE, the operator of the New York Stock Exchange. The outcome could shape how traditional issuers treat blockchain-based representations of their shares. Watch for whether the remaining firms object before the window closes and how OKX and ICE adjust the token lineup in response.
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Named in this story
Nvidia (NVDA), Nike (NKE), Costco (COST), OKX, ICE
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