Intel, IBM, Oracle and IonQ have become the latest companies to oppose plans by cryptocurrency exchange OKX and Intercontinental Exchange, the parent company of the New York Stock Exchange, to list their US shares in tokenized form.
The four companies filed objections to the proposed OKXICE exchange, according to Cointelegraph. Their additions bring the total number of companies seeking to opt out to 26, with Alphabet, Wells Fargo and Goldman Sachs among the other names already on the list.
More companies reject proposed listings
OKXICE initially identified 62 companies whose stocks could be offered through the proposed exchange. With 26 companies now objecting, about 41% of the companies included in the original proposal have chosen not to participate.
Tokenized stocks are digital representations of shares that can be traded on blockchain-based infrastructure. The proposed OKXICE venue would focus on tokenized versions of US-listed companies’ stocks, rather than changing the underlying companies’ conventional listings.
A number of the companies that have objected currently trade on Nasdaq or the New York Stock Exchange. The objections therefore include companies that already have access to established US equity markets.
Regulatory opening for tokenized shares
The OKXICE proposal followed a decision by the US Securities and Exchange Commission to approve temporary innovation exemptions for tokenized US stocks. Under that exemption, Tokenized Securities Venues, or TSVs, can provide limited trading in stocks covered by the National Market System.
The regulatory framework created a route for new platforms to test tokenized stock trading, but participation by individual issuers is not automatic. Companies can object to being included in a proposed offering, as the 26 filings demonstrate.
Nasdaq also issued guidance in September for companies reviewing the innovation exemption. It advised issuers to be “cautious” about participating. During the same month, Nasdaq invested $100 million in Payward, the parent company of Kraken, as part of its own effort to develop tokenized assets.
OKXICE expects further objections
Andrew Cuomo, a former governor of New York and co-chair of the tokenization venture, described objections from some companies as a “very natural response.” He also said he expected additional names to be added to the list.
The developments highlight an early divide over tokenized equities. Regulatory permission has enabled limited experimentation, while the companies named in the proposal retain the ability to challenge or decline inclusion. The final group of stocks available through OKXICE could therefore be materially smaller than the initial 62-company list.
Moneyiar market picture
Moneyiar data at the stated times show mixed performance among the tracked assets:
- Celestia (TIA): $0.5321576029, unchanged over 24 hours and down 11.85% over seven days, as of October 25, 2026, 22:38 +03:30.
- Compound (COMP): $21.1287447338, down 10.42% over 24 hours and up 0.3% over seven days, as of October 25, 2026, 22:39 +03:30.
- Telcoin (TEL): $0.0014157918, down 0.97% over 24 hours and 7.28% over seven days, as of October 25, 2026, 22:38 +03:30.
- Four (FORM): $0.2210079715, up 0.66% over 24 hours and down 7.29% over seven days, as of October 25, 2026, 22:38 +03:30.
