Elon Musk’s Tesla and SpaceX Join 67 Firms Rejecting OKXICE Tokenised Stocks
Elon Musk’s Tesla and SpaceX have joined a rising listing of firms rejecting OKXICE tokenized shares buying and selling platform, bringing the entire objections to 67. The replace added Palantir, S&P Global, KLA, Super Micro Computer 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 way of the proposed venue.
OKX–ICE Stock Venue’s Issuer Objections Reach 62
Boeing and ServiceNow have raised objections to the enterprise’s proposed symbols, leaving eight of the 63 initially proposed symbols with no disclosed opt-out.Personal market evaluation solely. NFA — handle danger and DYOR.… pic.twitter.com/CXjQRpQOnH
— Atlas (@dangsoun) November 5, 2026
The improvement comes as Musk lately attracted consideration for responding to a separate ICE-backed Hyperliquid initiative. The billionaire replied “Interesting” to investor Stanley Druckenmiller’s October 29 announcement about investing in Trade[XYZ], which is partnering with ICE to convey Hyperliquid-based perpetual futures to US markets.
Tesla and SpaceX Join 67 Companies Rejecting OKXICE Tokenized Stocks Plan
The rising opposition presents a major impediment for OKXICE tokenized shares plan, a three way partnership between cryptocurrency trade OKX and Intercontinental Exchange, the guardian firm of the New York Stock Exchange.
The proposed platform goals to convey tokenised variations of US shares onto blockchain infrastructure, permitting buyers to commerce across the clock utilizing stablecoins similar to USDC. But 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 Research and SoFi Technologies. Subsequent updates pushed the entire variety of objecting firms to 67 by at the moment.
The authentic choice included 62 firms protecting 63 proposed inventory tickers. The newest tally due to this fact extends past the preliminary roster, with 56 authentic firms having filed objections.
Under the SEC’s short-term Innovation Exemption, buying and selling venues should notify firms earlier than providing third-party tokenised variations of their shares. (*67*) can object inside 30 days, stopping the venue from itemizing these explicit tokenised shares.
Importantly, these objections don’t characterize a blanket rejection of tokenisation. Companies can nonetheless discover their very own tokenisation preparations or take part by way of 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. Investors would bear id 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 ultimately grow to be obtainable.
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Elon Musk’s Hyperliquid Reaction Adds Another Twist
The rising resistance involving Musk’s firms creates an attention-grabbing distinction together with his current interplay with the Hyperliquid ecosystem. On October 29, billionaire investor Stanley Druckenmiller introduced his funding in Trade[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: “Interesting.”
The announcement concerned a separate ICE initiative designed to convey perpetual futures buying and selling to the United States utilizing Hyperliquid infrastructure. Under the proposed association, ICE will function the regulated trade and clearing infrastructure, whereas Trade[XYZ] will develop the markets utilizing Hyperliquid’s know-how.
The platform intends to supply around-the-clock perpetual contracts linked to cryptocurrencies, equities, commodities, and international trade. ICE can also be making a strategic funding in Trade[XYZ], giving the settlement a direct institutional connection to the rising marketplace for blockchain-based monetary merchandise.
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