A fresh round of US-listed companies has asked to be removed from a planned tokenized stock trading venue backed by OKX and ICE, adding to resistance against the project as it moves through the SEC's framework.
According to wire reports reviewed by FXMARE, seven additional issuers have chosen to opt out of being listed on the platform. Their decisions bring the number of objections disclosed so far to 16. Among the newly objecting names are Microsoft, Alphabet and Goldman Sachs.
Coverage of the development indicates that the companies seeking exclusion account for roughly 25% of the US-listed firms named in the initial proposal for the OKX-ICE venture. In other words, about a quarter of the issuers originally slated for inclusion have now signaled they do not want their shares represented on the platform.
The venture is designed to offer trading in tokenized versions of listed equities, and the opt-out requests are being made within the process established by the SEC's framework. That structure allows issuers named in a proposal to indicate whether they are willing to be listed. The reporting reviewed does not detail the specific reasons given by any of the companies, and FXMARE has not attempted to characterize their motives.
The objections come as tokenized stocks, which are blockchain-based instruments tied to traditional equities, draw attention from both crypto firms and established market infrastructure operators. The involvement of ICE, a major operator of exchanges, alongside the crypto exchange OKX, makes the proposal a notable example of that overlap. The sources supplied do not describe the platform's timetable, trading mechanics or any response from OKX or ICE to the opt-outs, so those points remain outside the scope of this report.
For now, the disclosed count of 16 objecting issuers, including three of the most prominent corporate names, stands as the clearest public measure of issuer pushback against the plan as originally drawn up.