OKXICE wanted to put 63 US stocks onchain. Nine of the companies behind those stocks have formally said no.
Broadcom, UnitedHealth Group and Verizon are among the nine US-listed companies that objected to having their shares tokenized on OKXICE. The joint venture between crypto exchange OKX and Intercontinental Exchange disclosed the objections in a public notice dated October 15, 2026.
The pushback covers roughly 14% of the stocks OKXICE first planned to offer.
Who said no, and why it sticks
The full list of objectors includes Cerebras Systems, AppLovin, Applied Digital, Rocket Lab, CoreWeave, Verizon, Applied Optoelectronics, Broadcom and UnitedHealth Group.
The companies raised concerns about how token trading could affect their stock prices and liquidity. They also flagged potential investor confusion from tokenized versions of their equity trading on a venue they have no affiliation with.
Under the SEC framework governing these products, an issuer objection within the designated window blocks that company’s shares from being tokenized on that specific venue.
The SEC rulebook behind it
The legal backdrop is the SEC’s Innovation Exemption, issued on September 17, 2026. It allows tokenized stocks to trade without full exchange registration, as long as platforms follow specific guidelines.
One of those guidelines is an opt-out mechanism. After a platform notifies issuers, companies get a 30 calendar-day period to object to tokenization of their shares.
OKXICE’s stock token platform is not yet live. It faces a 30-day waiting period after notice goes out to issuers, which is the window these nine companies used.
OKXICE itself is a 50-50 joint venture between OKX and ICE, the parent of the New York Stock Exchange.
OKXICE intends to offer 24/7 permissioned trading of tokenized stocks through Uniswap v4, settled with stablecoins such as USDC and USDT.
What this means for tokenized equities
OKXICE plans to move ahead with dozens of other stock offerings, including tokenized versions of Nvidia, Apple and Microsoft.
The SEC opened the door to tokenized stocks, but it handed issuers a veto over individual venues. That turns every new listing batch into a negotiation, or at least a waiting game.
A roughly 14% objection rate on a first batch suggests future offerings may never fully match a broad equity index.
Most of the 63 companies on OKXICE’s initial list did not object within the window.
The next markers to watch are OKXICE’s launch timing once its waiting period clears, which names make the final listing, and whether other tokenization platforms see similar objection rates when they send their own notices.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.