A total of 62 publicly traded companies refused the proposed tokenization of their shares by OKX and ICE, with Boeing, Nebius and ServiceNow among the latest to object. The project sought to trade tokenized shares of at least 63 NYSE-listed companies under a temporary SEC exemption. Issuers were concerned about the potential effects on share prices and liquidity, shareholder rights, market transparency and OKX’s offshore status. Six members of the “Magnificent Seven,” including Tesla, Apple and Amazon, also rejected the initiative. Separately, Morgan Stanley tokenized 34 US stocks and Treasuries through the DTCC’s service, with each token fully backed by an asset held in custody.
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