Tesla, SpaceX and Amazon Block Tokenized Trading of Their Shares on OKX-ICE Platform

Six more public companies, including Amazon, Tesla and SpaceX, have filed objections to trading their shares on the OKXICE TSV platform, according to Decrypt, citing an updated notice from the venue dated November 2. The total number of companies that have shut off access to third-party tokenized versions of their stock has reached 56. The project is tied to Intercontinental Exchange, the owner of the NYSE, and US holding company OKX.

How the List of Objections Has Grown

The first objections appeared on October 15, when there were nine. After Walmart joined on October 28, the list grew to 38 companies. By the October 30 notice, there were already 50 names, including Nvidia, Costco and Nike, which at the time formed the largest group. The November 2 update added six more issuers: Amazon, Tesla, SpaceX, Netflix, Lam Research and SoFi Technologies.

Mega-cap companies already on the list include Microsoft, Alphabet and Nvidia. Apple, according to the same source, remains one of the few major names not on the list. SoFi is singled out because it is a fintech company that offers cryptocurrency trading and holds digital assets itself.

How the Objection Mechanism Works

An exemption the SEC introduced in September, after the Clarity Act stalled in the Senate, requires a venue to notify a company in advance if an unaffiliated third party intends to offer a tokenized version of its shares. If the issuer objects in writing within 30 days, the venue cannot make those securities available for trading. An objection applies only to the specific venue and does not prohibit tokenization in general.

What We Know About the OKXICE TSV Platform

OKXICE TSV is a joint venture split 50/50 between Intercontinental Exchange and US holding company OKX. The platform plans to offer tokenized US stocks around the clock through permissioned Uniswap v4 pools on OKX's XLayer blockchain. Settlement is expected to be conducted against stablecoins such as USDC.

To trade, users must pass identity and sanctions screening. They also need a non-transferable "soulbound" token, which the platform's smart contracts check before every trade.

What Remains Open

According to Decrypt, the notice indicates the platform may also list shares tokenized by the issuers themselves, although it did not name any specific examples. The notice also says the tokenized shares offered by the platform are not limited to trading only on OKXICE. Objections only block third-party tokenized versions, so the full picture of which securities will be available on the market remains unclear.