# 50 Companies Block OKX-ICE Tokenization

Quick Take · News · Published November 2, 2026 · By [Anthony Asuaje](https://walkeranthony.com/about/), Walker Strategies
Canonical URL: https://walkeranthony.com/news/50-companies-block-okx-ice-tokenization/

Fifty companies, including Nvidia and Nike, have blocked OKX and ICE from tokenizing their shares under the SEC's Innovation Exemption. The objections stem from the SEC's five-year exemption, which lets tokenized securities venues trade blockchain versions of U.S. stocks without registering as exchanges.

Fifty public companies have objected to having their shares tokenized on OKXICE, a joint venture between crypto exchange OKX and Intercontinental Exchange (ICE).

The list of objectors includes major companies such as Microsoft, JPMorgan Chase, and Walmart, with 43 out of 62 proposed companies objecting to tokenization, according to a CoinDesk tally.

The SEC's Innovation Exemption allows tokenized securities venues to trade blockchain versions of U.S. stocks through automated market makers without registering as exchanges, but companies can object to tokenization within a 30-day notice window.

The objecting companies have not given reasons, but JPMorgan stated it wants to be thoughtful about how its shares are represented and traded. Nasdaq has also urged companies to object, citing concerns about liquidity fragmentation and lack of real-time best-price display.

OKXICE co-chair Andrew Cuomo has called the objections a 'natural response' to the rollout of a fundamentally different market structure. The development may impact the growth of the crypto market and the adoption of tokenized stocks.

Source: [sec.gov](https://www.sec.gov/newsroom/press-releases/2026-90-sec-issues-innovation-exemption-facilitate-trading-tokenized-nms-stock-request-comment)

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