Nvidia, Costco and Nike join pushback against OKX–ICE tokenized stock plans
Source: CoinDesk ·
From the source
Nearly 70% of the companies initially picked for trading have opted out, while 19 firms including Apple, Tesla and Amazon have no disclosed objection as the 30-day response window nears its end. Nvidia NVDA $209.40 , Costco (COST), Nike (NKE) and Micron Technology (MU) are the latest companies to say they don’t want their shares traded on a new blockchain-based stock marketplace being built by crypto exchange OKX and NYSE parent Intercontinental Exchange. Their objections bring the total to 50, according to an updated public notice dated Friday, Oct. 30, from OKXICE, the two firms’ joint venture. The venue would let investors trade digital versions of U.S. stocks around the clock, paying with stablecoins. It is being developed under the SEC’s five-year “Innovation Exemption,” which allows companies to block their shares from trading on such platforms when the tokenization is arranged by an unaffiliated third party. The growing list shows how cautious companies remain about the…