Apple, Amazon, and Tesla are among the growing list of companies blocking their shares from being tokenized on a new blockchain-based trading venue. The venue, co-owned by the New York Stock Exchange’s parent company, Intercontinental Exchange (ICE), has faced objections from about 62 firms as of November 4, 2026. New additions to the list include Boeing, ServiceNow, and Nebius Group, bringing the total to 59 on November 3 and 56 on November 2.
The venue, operated by OKXICE LLC, would allow trading of tokenized stocks using permissioned automated market maker pools instead of traditional order books. Companies can opt out by sending a written objection within 30 days of receiving notice, a rule outlined in the SEC’s exemptive order from September 17, 2026. No company has withdrawn its objection so far.
The primary appeal of tokenized stocks is 24/7 trading, but the opt-outs from major companies significantly reduce the venue’s attractiveness. While tokenized stocks trade actively offshore, such as SpaceX’s SPCX token generating $1.08 billion in volume on Backpack, U.S. investors may find the product niche until more companies participate.
The objections do not affect the companies’ actual shares, which remain separate from any tokenized versions. Investors can still gain exposure through traditional shares or ETFs, but the absence of widely held stocks on the tokenized venue limits its potential impact.