Amazon, Tesla and SpaceX join OKX–ICE tokenized stock objections as deadline looms
Source: CoinDesk ·
From the source
Objections have reached 56 companies, with nearly 80% of the venture’s initial stock selection opting out. Amazon AMZN $248.05 , Tesla TSLA $399.63 and SpaceX SPCX $140.59 joined companies saying no to the blockchain-based stock market venue being built by crypto exchange OKX and NYSE parent Intercontinental Exchange, as the deadline for some issuers to object approaches. Netflix (NFLX), SoFi Technologies SOFI $16.72 and Lam Research (LRCX) also appeared in OKXICE’s updated public notice dated Monday, Nov. 2. The six additions bring disclosed objections to 56, up from 50 in Friday’s update . The joint venture plans to let investors trade tokenized versions of U.S. shares around the clock on a blockchain-based venue, paying with stablecoins. It would operate under the SEC’s five-year “innovation exemption,” which allows qualifying marketplaces to use automated market makers, using software to executes trades through pools of assets instead of matching buyers and sellers in an order…