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

Nvidia, Costco, Nike, and Reddit are among 12 additional companies that have objected to having their shares tokenized on OKXICE’s proposed trading platform, bringing the total to 50 companies. That leaves only a small fraction of the venture’s original targets without formal objections. The latest additions were disclosed in an updated public notice dated Oct. 30 from OKXICE, a joint venture between cryptocurrency exchange OKX and Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE). The 50 objections represent roughly 79% of the 63 companies initially identified for tokenization, and approximately $25 trillion in total market cap. Over half of the objectors trade on the Nasdaq, though 42% of the companies trade on ICE’s own NYSE.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Bitcoin.com News.