Major corporations including Nvidia, Nike, and Micron have joined a group of 50 companies opposing the issuance of tokenized shares by OKXICE. This opposition arises following recent U.S. SEC rulings empowering issuers to block unauthorized third-party tokenized stock offerings.
Issuer Rights Strengthened
The Securities and Exchange Commission clarified that issuers have the authority to prevent the proliferation of digital tokens representing their shares when issued without consent. This has led various companies to object formally to the OKXICE platform’s tokenized stock listings.
The growing resistance highlights ongoing regulatory challenges faced by crypto exchanges attempting to tokenize traditional equities without issuer approval.