# OKXICE Faces 67 Issuer Objections as TSV Completes Tokenized Stock Trades By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/53146 Published: 2026-11-10T14:12:09.000Z Updated: 2026-11-10T14:12:09.000Z Section: Regulation > TSV’s trades involved issuer-backed shares of Canton Strategic Holdings. Most companies in OKXICE’s original proposal have objected to its separate plan. TSV LLC has completed issuer-backed trades in tokenized U.S. shares as 67 companies object to OKXICE’s separate proposal, putting issuer consent at the center of early trading under the SEC’s conditional framework. TSV’s first trades involved Canton Strategic Holdings (CNTN) shares on the Canton Network. Fairmint, an SEC-registered transfer agent, recorded the shares in token form and maintained the ownership record. Existing shareholder Five North sold the shares to DRW Cumberland, while Flowdesk supplied liquidity through a permissioned pool on Tradecraft. Canton Strategic Holdings backed the tokenization of its shares, with its transfer agent maintaining the ownership record. OKXICE, by contrast, is pursuing a plan in which a party unaffiliated with the issuer tokenizes the shares. OKXICE is a joint venture of OKX and Intercontinental Exchange. It has proposed trading tokenized shares through permissioned liquidity pools. Its 67 issuer objections are up from [22 in an earlier OKXICE notice](). Of the 62 companies originally included in the proposal, 56 objected. Eleven companies outside that group also objected. The six original companies that did not object were Strategy, Robinhood, Coinbase, Circle, Securitize and BitGo. The objectors include all seven companies commonly grouped as the Magnificent Seven, along with Walmart, JPMorgan, Coca-Cola, Eli Lilly, Boeing and McDonald’s. Applied Optoelectronics raised concern that investors might mistake a tokenized offering it had not sponsored for one it had authorized. JPMorgan expressed support for tokenization but opted out of OKXICE’s proposal for now. Under the SEC’s conditional relief for tokenized U.S. stock trading, an issuer has 30 calendar days after receiving notice of third-party tokenization to object. A timely objection prevents the venue that sent the notice from trading that tokenized stock. It does not bar trading on other venues. That limit makes the objections specific to OKXICE’s plan. TSV’s completed trades show a separate route built around issuer backing and a transfer agent’s ownership record. The difference determines which shares each venue can bring to market under the SEC’s framework. Nasdaq is pursuing another model in which eligible tokenized securities would trade alongside traditional shares, with the Depository Trust Company handling settlement after execution. Nasdaq expects its framework to launch in the second quarter of 2027. ## Links in this article - [22 in an earlier OKXICE notice](https://www.tokenpost.com/news/regulation/39877)