Tesla, Amazon among six companies joining opposition; compan
A public notice updated on November 2 shows that Amazon, Tesla, SpaceX, Netflix, SoFi Technologies and Lam Research newly objected to the OKXICE tokenized stock plan, and the number of companies disclosed to have raised objections increased from 50 to 56. Of the 62 companies initially selected by OKXICE, 49 have already objected, and another 7 are not on the initial list.
Event timeline
- [11-03 16:20] Objecting companies increase to 56; Amazon, Tesla, SpaceX oppose inclusion in the ICE tokenized stock trading platform (Odaily Planet Daily)
- [11-03 16:53] Amazon, Tesla and others join opposition to OKXICE tokenization; opposing companies increase to 56 (PANews)
- [11-03 19:06] Tesla, Amazon and other companies, six in total, oppose OKX and ICE stock tokenized trading; companies raising objections increase to 56 (Wu Shuo)
- [11-04 00:44] Amazon, Tesla, SpaceX and other companies, six in total, oppose the OKXICE tokenized stock plan; objecting companies increase to 56 (Odaily Planet Daily)
Background and impact
According to the public notice updated on November 2, six companies—Amazon, Tesla, SpaceX, Netflix, SoFi Technologies and Lam Research—newly raised objections to OKXICE TSV, the tokenized securities trading platform jointly established by OKX and Intercontinental Exchange (ICE), opposing the trading of their stocks in tokenized form on the platform. The number of publicly disclosed objecting companies thus rose from 50 last Friday to 56, an increase of 6 from last Friday. The news was followed up by multiple media outlets between November 3 and 4: PANews said the information originated from a CoinDesk report, Wu Shuo said it was disclosed by crypto journalist Eleanor Terrett, and Odaily Planet Daily directly quoted the public notice. The reports differ slightly in their time labels (November 3 and November 4), but all point to the same notice updated on November 2, with consistent content.
Structurally, of the 62 companies initially selected by OKXICE, 49 (about 79%) have already objected, and another 7 objecting companies are not on the initial list. Wu Shuo said the objecting companies include 5 of the US Magnificent Seven tech giants. As of the notice updated on November 2, 13 initially selected companies have not yet disclosed objections, including Apple, Strategy, Robinhood, Coinbase, Palantir, Circle, Securitize and BitGo. The relevant announcements did not disclose the specific reasons for each company's objection.
The platform plans to allow investors to trade tokenized versions of US stocks around the clock via stablecoins on a blockchain-based trading venue, and intends to operate under the US Securities and Exchange Commission (SEC)'s five-year "innovation exemption" mechanism, allowing eligible trading venues to use an automated market maker (AMM) mechanism to match trades. Under SEC rules, companies may object within 30 days after receiving written notice from the trading venue; for companies that received notice on October 4, the objection deadline is November 3, and the platform has up to 5 business days to publish objections, so the list may continue to change. The source did not explain whether the combination of this 30-day window and the 5-business-day disclosure period would cause some objections to be made public later.
For ordinary users, this dispute concerns whether the asset class of tokenized stocks can, as originally planned, list US stocks for trading through on-chain matching; whether listed companies recognize their own stocks being tokenized still has no public explanation. Before the rules are finalized, Chinese-language community search demand for trading-access information remains concentrated on keywords such as Huobi account opening tutorial, Huobi registration tutorial, Gate account opening tutorial, Bitget account opening tutorial, and Binance account opening tutorial, but these operational guides are not directly related to the substantive dispute in these objections. The next observable milestones are the disclosure window after November 3 and whether the 13 initially selected companies that have not stated their position will follow up with objections.
FAQ
### Will this opposition action directly affect the launch of the OKXICE platform?
The available materials only show that the number of objecting companies increased from 50 to 56, as well as the 30-day objection window and up to 5-business-day publication period under SEC rules; they do not disclose whether the platform will adjust or delay its plan as a result, nor do the announcements explain the reasons for each company's objection.
### Which other selected companies have not raised objections?
As of the public notice updated on November 2, 13 initially selected companies have not yet disclosed objections, including Apple, Strategy, Robinhood, Coinbase, Palantir, Circle, Securitize and BitGo; the list may change later.
### How was this tokenized stock platform originally intended to operate?
According to disclosed information, the platform plans to allow investors to use stablecoins to trade tokenized versions of US stocks around the clock on a blockchain-based trading venue, and to operate under the SEC's five-year "innovation exemption" mechanism; eligible trading venues may use an automated market maker (AMM) mechanism for matching.