OKX and the owner of the NYSE will launch a platform for trading tokens on November 23.
OKXICE's shared platform will begin operating under a five-year SEC pilot that allows trading of tokenized securities without registering as a traditional exchange.
There are currently 70 approved assets, including Coinbase shares, Circle and Robins, as well as 59 ETFs. US users with a CeDeFi wallet who have completed registration will have access.
At the same time, 67 companies have already refused to participate, including Tesla, Meta, Netflix and Costco. Some issuers are concerned about the impact of tokenization on the liquidity and volatility of their shares, as well as possible confusion among investors.
Nasdaq also opposes certain provisions of the experimental regime. The exchange warns that trading token shares outside the traditional regulated system may lead to market fragmentation and reduced transparency.