Fifty public companies have objected to OKXICE, a 50-50 venture between crypto exchange OKX and Intercontinental Exchange, parent of the New York Stock Exchange, as its first 30-day opt-out window closes. The venue’s Oct. 30 notice added 12 objectors, including Nvidia, Costco, Nike, Micron and Reddit. A CoinDesk tally counted objections from 43 of the 62 companies initially proposed for tokenization, or about 69%, while the reported objection list reached 50. Under the Securities and Exchange Commission’s five-year Innovation Exemption, issued Sept. 17, tokenized securities venues can offer blockchain-based versions of U.S. stocks through automated market makers without registering as exchanges. Issuers have 30 days to object after receiving notice, and silence is treated as consent. OKXICE plans 24/7 trading of tokens backed one-for-one by shares held by a third party, with stablecoins such as USDC used in permissioned pools on OKX’s X Layer blockchain. The objecting companies have not disclosed reasons. Nasdaq has opposed the model, citing possible liquidity fragmentation, the absence of real-time best-price display and consolidated-tape reporting outside the National Market System. It is developing Nasdaq Equity Token with Kraken for the second quarter of 2027. OKXICE co-chair Andrew Cuomo described the objections as a natural response to a new market structure, while Ava Labs’ Olivia Vande Woude said the list could continue growing because the opt-out process is straightforward.