Major US Companies Oppose Share Tokenization on OKXICE

Fifty of the largest American companies have issued a joint statement opposing the use of the OKXICE platform for tokenizing their shares. This decision targets the specific implementation model rather than the technology as a whole.

OKXICE is a platform for round-the-clock trading of tokenized US stocks. The project was created jointly by crypto exchange OKX and ICE, which also owns the New York Stock Exchange (NYSE).

List participants emphasize that their protest is directed solely against the chosen tokenization model on this platform. They do not oppose the very idea of using blockchain for securities.

In light of the refusal by major issuers, investors may consider alternative solutions. In particular, Bybit's mStocks service is mentioned as a potential replacement for trading digital assets.