Apple and Boeing join objections to OKXICE tokenised stocks plan as total reaches 62

Key points

• 54 of the 62 companies originally targeted have objected, about 87% of the planned lineup.
• Eight objectors, including Wells Fargo, Arm Holdings and Palo Alto Networks, were not on the original list.

Apple and Boeing have joined the objections to the OKXICE tokenised stocks plan, taking the number of companies opposing the venture to 62. The two were named in public notices dated 3 Nov and 4 Nov, alongside Home Depot, GE Vernova, ServiceNow and Nebius Group, according to Bitcoin.com News. The venture is a joint effort by the crypto exchange OKX and Intercontinental Exchange, the parent of the New York Stock Exchange.

Of the 62 companies OKXICE originally targeted, 54 have now objected, about 87% of the planned lineup.

A further eight companies objected despite not being on the original list, among them Wells Fargo, Arm Holdings, IREN, Palo Alto Networks and Nebius Group. The notices do not give reasons for the objections, and Bitcoin.com News says they should not be read as blanket rejections of stock tokenisation.

The platform would let investors trade tokenised US equities around the clock using stablecoins, with permissioned Uniswap v4 pools on OKX's X Layer blockchain and tokens backed by shares held through registered broker-dealers. It operates under temporary SEC exemptions introduced in September that let issuers object. OKX board member and OKXICE co-chair Andrew Cuomo has said companies may warm to the idea with experience. No launch date or final list of securities has been announced.

What to watch: Venues have up to five business days to publish objections, so more could still be disclosed; OKXICE has not announced a launch date or final list of securities.

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