Apple, Nvidia and 65 other companies have objected to OKXICE's plans, while thin liquidity across existing tokenized stock markets raises a second major obstacle to its launch.

More than 90% of the stocks targeted by OKX and NYSE-backed tokenization venture now face objections from their issuers.

A comparison of OKXICE's latest regulatory notice with its original October proposal shows that companies have objected to 57 of the 63 stock tickers initially earmarked for trading.

The objections, which have grown to 67 companies overall, include Apple, Nvidia, Microsoft, Amazon, Tesla, and Meta, threatening to strip the proposed blockchain-based marketplace of many of Wall Street's most widely traded names before its launch.

The setback comes just weeks after the US Securities and Exchange Commission (SEC) introduced a regulatory exemption designed to accelerate tokenized stock trading, allowing qualifying platforms to offer blockchain-based shares through automated trading pools.

OKXICE, a joint venture equally owned by crypto exchange OKX's US holding company and Intercontinental Exchange, the parent of the New York Stock Exchange, plans to let investors trade tokenized versions of US stocks around the clock using stablecoins.

However, the growing corporate resistance has left the venture facing questions about which securities it can offer and whether investors will have sufficient liquidity to trade them.

The scale of the resistance has grown rapidly since OKXICE outlined its plans in early October.

By Oct. 30, 50 companies had registered objections. That figure rose to 62 by Nov. 4 before another five companies, including Meta , Palantir, S&P Global, KLA and Super Micro Computer, joined the list on Nov.

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