Of the 62 companies OKXICE initially picked for trading, 49 — about 79% — have now objected, according to a CoinDesk tally. Seven other objectors were outside that original selection.
Read more: Why McDonalds, Microsoft and Google saying no to tokenized stocks isn’t a dealbreaker
The clock is ticking
Companies have 30 days after receiving a venue’s written notice to object under the SEC’s rules. For issuers that received notice on Oct. 4, when OKXICE published its initial filing, that deadline would fall on Tuesday, Nov. 3. The clock runs from receipt of the individual notice, however, and the filing does not establish a common deadline for every company.
Venues like OKXICE have up to five business days to publish objections, meaning further responses could emerge after that deadline.
Thirteen companies from the initial selection have no disclosed objection as of Monday’s notice: Apple AAPL$330.82, Strategy MSTR$136.98, Robinhood HOOD$85.10, Coinbase COIN$149.69, Super Micro Computer (SMCI), Palantir (PLTR), Circle CRCL$75.49, ServiceNow (NOW), GE Vernova (GEV), Boeing (BA), Home Depot (HD), Securitize (SECZ) and BitGo BTGO$5.3700.
Securitize and BitGo previously told CoinDesk they did not plan to object.
Andrew Cuomo, OKXICE’s co-chairman and former New York governor, said during a Friday press conference that many companies wanted to see first how the market worked before participating.
