Elon Musk’s Tesla and SpaceX have joined a rising listing of firms rejecting OKXICE tokenized shares buying and selling platform, bringing the whole objections to 67. The replace added Palantir, S&P World, KLA, Tremendous Micro Laptop and Meta to the listing. That places 56 of the 62 firms initially chosen for the platform amongst these objecting to their shares being traded by the proposed venue.
OKX–ICE Inventory Venue’s Issuer Objections Attain 62
Boeing and ServiceNow have raised objections to the enterprise’s proposed symbols, leaving eight of the 63 initially proposed symbols and not using a disclosed opt-out.Private market evaluation solely. NFA — handle threat and DYOR.… pic.twitter.com/CXjQRpQOnH
— Atlas (@dangsoun) November 5, 2026
The event comes as Musk lately attracted consideration for responding to a separate ICE-backed Hyperliquid initiative. The billionaire replied “Attention-grabbing” to investor Stanley Druckenmiller’s October 29 announcement about investing in Commerce[XYZ], which is partnering with ICE to carry Hyperliquid-based perpetual futures to US markets.
Tesla and SpaceX Be a part of 67 Firms Rejecting OKXICE Tokenized Shares Plan
The rising opposition presents a major impediment for OKXICE tokenized shares plan, a three way partnership between cryptocurrency trade OKX and Intercontinental Change, the father or mother firm of the New York Inventory Change.
The proposed platform goals to carry tokenised variations of US shares onto blockchain infrastructure, permitting traders to commerce across the clock utilizing stablecoins equivalent to USDC. However firms have more and more exercised their proper to forestall unaffiliated platforms from providing tokenised variations of their shares.
Tesla and SpaceX appeared in OKX-ICE’s November 2 discover alongside Amazon, Netflix, Lam Analysis and SoFi Applied sciences. Subsequent updates pushed the whole variety of objecting firms to 67 by as we speak.
The unique choice included 62 firms masking 63 proposed inventory tickers. The newest tally due to this fact extends past the preliminary roster, with 56 unique firms having filed objections.
Below the SEC’s momentary Innovation Exemption, buying and selling venues should notify firms earlier than providing third-party tokenised variations of their shares. Issuers can object inside 30 days, stopping the venue from itemizing these explicit tokenised shares.
Importantly, these objections don’t signify a blanket rejection of tokenisation. Firms can nonetheless discover their very own tokenisation preparations or take part by different venues.
OKXICE tokenized shares proposal makes use of permissioned liquidity swimming pools on OKX’s X Layer blockchain, with Uniswap v4 infrastructure supporting buying and selling. Traders would endure identification and sanctions checks earlier than accessing the platform.
The initiative goals to mix blockchain settlement with prolonged buying and selling hours, though the rising variety of objections raises questions on which main shares might finally change into obtainable.
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Elon Musk’s Hyperliquid Response Provides One other Twist
The rising resistance involving Musk’s firms creates an fascinating distinction along with his current interplay with the Hyperliquid ecosystem. On October 29, billionaire investor Stanley Druckenmiller introduced his funding in Commerce[XYZ], revealing plans to make use of its merchandise following a partnership with ICE.
Musk responded to Druckenmiller’s publish on X with a single phrase: “Attention-grabbing.”
Attention-grabbing https://t.co/HQiYAlfKWB
— Elon Musk (@elonmusk) October 29, 2026
The announcement concerned a separate ICE initiative designed to carry perpetual futures buying and selling to the US utilizing Hyperliquid infrastructure. Below the proposed association, ICE will function the regulated trade and clearing infrastructure, whereas Commerce[XYZ] will develop the markets utilizing Hyperliquid’s expertise.
The platform intends to supply around-the-clock perpetual contracts linked to cryptocurrencies, equities, commodities, and international trade. ICE can be making a strategic funding in Commerce[XYZ], giving the settlement a direct institutional connection to the rising marketplace for blockchain-based monetary merchandise.
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