Most companies initially selected for a planned tokenized stock trading platform backed by crypto exchange OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, have formally objected to the proposal. Of the 62 firms involved in the initiative, 56 have filed objections — approximately 90% of the total — according to information shared by Wu Blockchain.

Tokenized stock trading represents company shares as digital tokens that can trade in blockchain-based environments, placing the project at the intersection of traditional equities infrastructure and crypto rails. The near-unanimous response from the selected group — objections covering roughly nine in ten firms — underscores how contested the arrangement is among the very companies whose shares would trade on it.

Only six companies have not publicly disclosed opposition to the plan: Robinhood, Securitize, BitGo, Circle, Coinbase and Strategy. All six have close ties to the cryptocurrency industry, making the remaining group notably concentrated among companies operating in or connected to digital assets — the segment of the market already most directly engaged with token-based instruments.

Robinhood Confirms It Does Not Object to Tokenized Stock Trading

Robinhood has confirmed that it does not object to its shares being traded on OKXICE, the planned tokenized stock platform jointly owned by OKX and ICE. Its position makes Robinhood the third company to explicitly indicate that it does not oppose the arrangement, joining Securitize and BitGo.

The distinction is significant: the absence of a publicly disclosed objection does not necessarily mean that every remaining company has formally endorsed the platform. In Robinhood's case, however, the company has directly confirmed that it does not object to its shares trading on OKXICE. Securitize and BitGo are the other two firms that have explicitly taken a similar position. Together with Robinhood, they represent three of the six companies that have not publicly disclosed opposition to the proposed platform.

Crypto-Linked Companies Make Up All Six Remaining Firms

The initial group consisted of 62 companies selected for the planned tokenized stock trading initiative. With 56 filing objections, approximately 90% of the participating companies have publicly opposed the proposal, leaving six without publicly disclosed objections.

The remaining names are Robinhood, Securitize, BitGo, Circle, Coinbase and Strategy. Each has a connection to the cryptocurrency industry, distinguishing the group from the much larger number of companies that have filed objections. The list spans retail brokerage (Robinhood), asset tokenization (Securitize), digital-asset custody (BitGo), stablecoin issuance (Circle), crypto exchange operations (Coinbase) and bitcoin treasury holdings (Strategy) — businesses built around digital-asset and token-based infrastructure.

The proposed platform, known as OKXICE, is a joint initiative involving OKX and Intercontinental Exchange, the parent company of the New York Stock Exchange. Its planned focus is tokenized stock trading, a structure that would bring company shares into a token-based trading environment. Combining a legacy exchange operator with a crypto venue, the project reflects the broader industry effort to move traditional assets onto tokenized rails, where the positions of the companies whose shares would be tokenized carry direct weight.

The figures highlight the divide among the companies initially selected for the initiative. While 56 of the 62 firms have filed objections, Robinhood has explicitly confirmed that it does not object to its shares being traded on OKXICE. Securitize and BitGo have also taken that position, while Circle, Coinbase and Strategy remain among the six companies without publicly disclosed opposition. Whether those three clarify their stances, and how the objections from the majority of the selected group are addressed, are the developments most likely to define the initiative's next stage.