NYSE-backed crypto venture faces 90% stock rejection as $92 liquidity problem threatens tokenization dream
More than 90% of the stocks initially targeted by OKXICE, a venture backed by OKX and Intercontinental Exchange, face issuer objections that could prevent their tokenization under the SEC’s exemption. Objections cover 57 of 63 proposed tickers, including major companies such as Apple, Nvidia and Tesla. Only six initial targets remain without disclosed objections, all tied to crypto or digital assets; their inclusion is not guaranteed. OKXICE has not announced a launch date or final stock lineup. The venture also plans to rely on outside market makers and investors to fund Uniswap v4-based liquidity pools, rather than providing liquidity itself. Existing tokenized-equity pools show highly concentrated holdings and a median balance of just $92, raising concerns about slippage and whether the venue can support round-the-clock trading.
