SpaceX blocks tokenized stock listing on OKXICE despite offshore trading boom
Summary
SpaceX has objected to OKXICE’s proposed listing of tokenized SpaceX shares, joining Tesla, Amazon and 53 other companies opposing listings under the SEC’s five-year Innovation Exemption. The framework allows platforms to trade tokenized US stocks without registering as national securities exchanges, but gives companies 30 days to object. SpaceX tokens already trade abroad: Backpack’s SPCX recorded $1.08 billion in June onchain volume and Kraken’s SPCXx $852 million. OKXICE’s proposal would extend such trading to US investors. Nasdaq has warned that tokenized stocks could fragment liquidity and harm shareholder value.
