SpaceX, Tesla, Amazon and Netflix oppose tokenized stocks as total hits 56

The pushback against tokenized stocks is getting bigger. SpaceX, Tesla, Amazon and Netflix have now come out against having their shares tokenized through OKX and ICE markets, according to WatcherGuru. Their opposition brings the total to 56 companies.

The 56-company list spans tech, finance, retail, healthcare, chips and consumer brands. It includes Nvidia, Microsoft, Alphabet, JPMorgan, Goldman Sachs, Walmart, Coca-Cola, McDonald's, Dell, IBM, Intel, Nike, AMD, Oracle, Reddit, Eli Lilly, Costco, Verizon, Moderna, Broadcom, Qualcomm, Wells Fargo, Cisco Systems, UnitedHealth Group and Hewlett Packard Enterprise. Aerospace names SpaceX and Rocket Lab are on it too.

WatcherGuru's post did not explain each company's specific reason for objecting. It also did not say whether OKX or ICE markets have responded. The core issue is whether those firms' equities should be wrapped and traded as tokens on the named venues, according to the outlet.

Tokenized stocks sit at the intersection of traditional markets and crypto rails. OKX and ICE markets are the platforms named in the pushback. The 56-company bloc now includes some of the biggest names in global business, from Tesla and Amazon to Microsoft and JPMorgan.

For now, the headline number is 56. The list is a who's who of corporate America, and it shows the resistance is not limited to one sector. What happens next is unclear, but the coalition opposing tokenized shares just added four more heavyweights.