In brief – Apple and Meta joined OKX-ICE’s objection list in its Nov. 5 notice, meaning all seven “Magnificent Seven” tech giants have now opted out of the planned tokenized stock venue. – The list grew to 67 companies, though crypto-friendly firms such as Coinbase, Robinhood…
d Strategy haven’t appeared on it. – Under the SEC’s innovation exemption, a timely objection bars the venue from listing a third-party tokenized version of a company’s stock. Every member of Wall Street’s “Magnificent Seven” now wants its stock kept off OKX and ICE’s planned tokenized stock venue
Apple and Meta Platforms are among 11 companies added to the list of objecting issuers in an updated notice from OKXICE TSV dated Thursday. They join Microsoft, Alphabet, Amazon, Nvidia and Tesla, completing a sweep by the group of tech giants that makes up a large share of the S&P 500’s value. The other new objectors are Home Depot, Boeing, GE Vernova, Palantir, ServiceNow, S&P Global, KLA, Super Micro Computer and Nebius Group, bringing the total number of companies saying “no” to the OKX and ICE platform to 67.
Meta’s objection carries some irony. The Facebook parent once tried to launch its own stablecoin, Libra, later renamed Diem, before abandoning the project in 2022 amid regulatory pushback. Apple had been one of the last megacaps missing from the list after Amazon, Tesla, and SpaceX objected in the venue’s Nov. 2 notice.