Nasdaq Faces Tokenization Rivalry as 50 Firms Reject OKX-ICE Plan

50 companies have objected to OKX-ICE's proposal, including 43 of its original 62 proposed issuers, citing concerns over liquidity, custody and shareholder rights. Nasdaq is pursuing an alternative with Kraken through the Nasdaq Equity Token, aiming to bring stocks onchain under existing securities regulations. The SEC exemption faces questions ahead of the November 3 deadline, while rival TSV plans to launch tokenized Canton Strategic Holdings shares with issuer backing. Wall Street's tokenization battle is intensifying as 50 companies challenge OKX-ICE's plan to tokenize their publicly traded shares.