Apple, Meta Reject OKX–ICE Tokenized Stock Plans as 90% of Issuers Opt Out

Apple and Meta have rejected plans by crypto exchange OKX and Intercontinental Exchange (ICE) to tokenize their stocks, according to a CoinDesk report. The rejections come as part of a broader trend where 90% of issuers in the venture’s initial selection opted out, leaving only a handful of companies without disclosed objections.

Among the six companies from the initial selection that have not objected are crypto-focused firms Strategy, Coinbase, Circle, and Robinhood. The venture, which aims to bring tokenized stocks to the crypto market, has faced significant pushback from traditional tech giants. The high opt-out rate underscores the reluctance of major corporations to embrace tokenization amid regulatory uncertainty and market volatility.

The development leaves crypto-native companies as the primary participants in the tokenized stock initiative, potentially reshaping the landscape of digital asset trading. While Apple and Meta’s rejections may signal caution among traditional firms, the involvement of OKX and ICE suggests continued interest in bridging traditional finance and crypto. Next steps for the venture remain unclear, but the focus will likely shift to the remaining issuers and their ability to drive adoption.