Nvidia, Micron and Reddit join 50 companies opposing OKX-ICE stock tokenization

Fifty of the 62 planned tokenized stocks on OKX's ICE platform have declined to participate, with Nvidia, Nike, and Costco among the companies refusing to have their shares tokenized, leaving only about a dozen issuers on the platform. The mass refusal highlights growing tension between traditional public companies and crypto exchanges offering tokenized equity products without direct issuer involvement, a concern that has drawn scrutiny from regulators and companies alike. The development matters because tokenized stock offerings depend heavily on blue-chip names for liquidity and credibility, and the absence of Nvidia, Nike, and Costco significantly weakens the platform's appeal to retail traders seeking exposure to US equities. OKX launched ICE to offer 24/7 trading of tokenized shares, but the exodus suggests issuers are wary of liability, shareholder-rights complications, and brand association with unregulated trading venues. Watch for whether remaining issuers also withdraw, whether OKX pivots to synthetic or wrapped exposure structures, and whether US or European regulators clarify the legal status of tokenized equities offered without issuer consent.