OKXICE Lists 50 Issuer Objections To Third Party Stock Tokens

OKXICE’s public notice dated 30th October 2026 lists 50 issuers under its objection section, compared with 38 in the 28th October version. Those disclosures describe a restriction on the proposed venue’s listings, however they do not establish that the companies oppose every form of tokenized share trading.

Comparing the two lists shows 12 additions, including NVIDIA, Nike, Costco, Micron and Reddit. The other additions are CrowdStrike, Corning, IREN, USA Rare Earth, Bloom Energy, Palo Alto Networks and Hewlett Packard Enterprise. None of the 38 names in the earlier list has been removed. The notices identify the issuers without explaining their individual reasons.

The mechanism comes from the Securities and Exchange Commission’s (SEC) 17th September exemption order, covering eligible National Market System stocks, a defined category of listed securities. Tokenisation represents securities digitally on a shared transaction ledger. A venue relying on this exemption must notify the underlying company before offering eligible stock tokens created by an unaffiliated third party.

Our tokenisation explainer examines the rights that a digital token can represent.

Trading must wait at least 30 calendar days from the company’s receipt of that notice. If the company objects in writing by the 30th day, the venue cannot make that tokenised stock available for trading.

The restriction concerns the third party’s token on the venue that received the objection. The order separately recognises securities tokenised by, or on behalf of, their issuers. An objection under this procedure therefore does not establish a prohibition across all tokenisation models or trading platforms.

For a separate institutional model, see our report on DTCC’s tokenisation service.

There are also two distinct notice clocks. A venue must publish its own public notice at least 30 calendar days before operating. The issuer’s objection window, however, runs from receipt of its separate notice. A public filing date alone cannot establish every company’s deadline. The order also allows five business days for the venue to update its public notice after receiving a timely objection.

The SEC’s venue register records OKXICE’s submission date as 4th October. It expressly warns that inclusion does not establish that a venue meets the exemption’s conditions, and that staff do not pass on the accuracy of its disclosures. The register is not regulatory approval of the objection list.

In its 19th October comment letter, the Securities Industry and Financial Markets Association, which represents broker-dealers and asset managers, called for affirmative issuer consent. It argued that a short response window and notices sent to general corporate addresses could leave the right staff unaware of a proposed listing.

SIFMA also sought a universal opt-out covering third-party stock tokens across venues and a longer objection period. It acknowledged that those recommendations would require changes to the order.