NVIDIA (NVDA) Joins 50 Issuers Objecting to OKXICE Tokenized Stock Plan

NVIDIA Joins 50 Objecting Issuers

Shareholders of NVIDIA (NVDA) now have a concrete answer on tokenization: the chipmaker has filed a formal objection to OKXICE's plan to trade tokenized stock on a blockchain venue, joining a roster of objecting issuers that reached 50 companies as of October 30. The joint venture's latest public notice shows the count rising from 38 objectors on October 28, with 12 companies added in just two days. New names beside NVIDIA include Nike (NKE), Costco (COST), Micron Technology (MU) and Reddit (RDDT), as well as CrowdStrike (CRWD), Corning (GLW), Bloom Energy (BE), IREN, USA Rare Earth (USAR), Palo Alto Networks (PANW) and Hewlett Packard Enterprise (HPE).

OKXICE, a venture owned half by crypto exchange OKX and half by Intercontinental Exchange, the parent of the New York Stock Exchange, wants eligible investors to hold blockchain tokens representing traditional US shares rather than routing orders through a brokerage, with trading available 24 hours a day, seven days a week, according to its notice. The venture had initially shortlisted 62 companies, covering 63 stock symbols, for potential tokenization, although several later objectors were never on that original roster. Financial heavyweights objected earlier, among them JPMorgan Chase (JPM), Goldman Sachs (GS) and Wells Fargo (WFC), alongside Microsoft, Alphabet, AMD, Intel, Walmart, Coca-Cola, McDonald's, Eli Lilly, Adobe and Dell Technologies.

The notice lists only names and symbols, and none of the companies has offered an individual explanation. A timely objection carries direct consequences: it bars unaffiliated tokens of that company's shares from being offered under the regulator's exemption, which is why each filing reshapes how NVDA can reach crypto-native investors. The rejection wave has also run alongside allegations that Nasdaq representatives encouraged listed firms to oppose the venture; the exchange declined to comment, while a spokesperson separately described its preference for an issuer-led approach within existing market structures.

The SEC Exemption and the 30-Day Window

The lever NVIDIA pulled comes from a temporary trading exemption the U.S. Securities and Exchange Commission (SEC) granted on September 17. Under the regulator's published order, a venue must tell the issuer before shares tokenized by an outside party are offered, and the company then has 30 calendar days to file a written objection. A filing inside that window blocks the venue from offering those tokens under the exemption, so OKXICE must exclude every listed security from its proposed arrangement.

The restriction is narrow. It binds only this venue and its unaffiliated model; nothing stops a company from issuing tokenized shares of its own or backing tokenization through another channel. The SEC also requires any exempted tokenized security to preserve the rights of an ordinary share, including dividends, voting rights and claims on company assets, with the underlying stock held in suitable custody and backed one for one.

The disputed venue itself is OKXICE LLC, a Texas company owned equally by Intercontinental Exchange Holdings and OKC USA Holding. Its design would let approved investors swap tokenized shares for payment stablecoins such as USDC and USDG around the clock, effectively continuous spot trading against pooled assets. There is no order book and no traditional market maker quoting two-sided prices; values come from the assets inside each pool, and the notice warns they can drift from the underlying shares outside regular hours, when liquidity thins and slippage widens. Participants must pass identity and sanctions checks, with each verified wallet address receiving a nontransferable credential that governs access. OKXICE states it will not issue the tokens or take custody of customer assets.

Trading must stop whenever the underlying stock is halted, Tier 1 securities face a daily ceiling of 0.25% of the prior month's average daily volume, and Tier 2 securities are capped at 2.5%. No launch date has been confirmed, though Nasdaq is separately building an issuer-led model with Kraken targeted for the second quarter of 2027. For a sense of how the OKX platform itself works, our walkthrough covers buying Bitcoin on OKX.

NVDA Holds Above $202.82 Support

The objections change which platforms may carry the stock, not the stock's technical picture. COINOTAG's live readings put NVIDIA (NVDA) at $204.64, 0.19% higher over the past 24 hours, with the daily trend still a downtrend, a relative strength index of 32.7 and a bearish MACD signal. COINOTAG's composite scoring places a $202.82 support (76/100) directly beneath the price and a $210.82 resistance (95/100) above it, while perpetual open interest stands near $79.8 million. Off-hours access is what this fight is about, and crypto venues still offer it: LBank alone lists more than 250 stock pairs linked to US-listed names. The shares last changed hands at $204.64, sitting just above the $202.82 support.