Nvidia, Costco and 10 More Issuers Opt Out of ICE and OKX’s Tokenized Stock Venue

Nvidia, Costco, and 10 additional issuers have opted out of the tokenized stock venue planned by Intercontinental Exchange (ICE) and OKX, bringing the total number of objecting companies to 50, up from 38 two days earlier, according to an Oct. 30 notice. The venue, which aims to offer tokenized versions of publicly traded stocks, has yet to announce a launch date for trading. The growing list of objections from major issuers—including Nvidia, Costco, and others—signals mounting resistance from traditional companies to having their equities tokenized without consent. The trend of increasing objections could complicate the venue's rollout and raise legal and operational questions for ICE and OKX's tokenization efforts. Key items to watch include whether the objection list continues to grow, whether ICE and OKX respond with changes to their listing approach, and the announcement of a firm trading start date.