Boeing, Nebius and ServiceNow Join 62 Issuers Fighting OKX-ICE Tokenization Plan

The pushback against OKX and ICE's tokenization plan just got heavier. Three more issuers — Nebius, Boeing and ServiceNow — have objected to the proposal, according to Eleanor Terrett. That brings the total count of objecting companies to 62.

The fight centers on a plan by crypto exchange OKX and ICE — the exchange giant behind the New York Stock Exchange — to put tokenized versions of publicly traded shares on the market. Issuers, it turns out, are not thrilled about their stock getting a blockchain twin without their blessing.

The objection list keeps growing, and the latest names are hardly small. Boeing is an American industrial icon, ServiceNow is a major enterprise software player, and Nebius is a fast-rising AI infrastructure name. Their arrival on the list signals the resistance is broadening beyond any single corner of the market.

For the crypto industry, tokenized equities have been pitched as the next big bridge between Wall Street and blockchain rails. For issuers, the concern runs the other way: who controls the token, who profits from it, and what it means for shareholder rights.

Sixty-two objections is a lot of corporate muscle pointed at one proposal. So far, OKX and ICE have not signaled a retreat, and the issuers show no sign of backing off either.

What happens next is the real test. The standoff will shape whether tokenized stocks become a mainstream product or stay stuck in a legal and corporate tug-of-war.