Tesla, Amazon Deal Fresh Blow to OKX Tokenization Push

OKX has suffered another big blow to its grand aspirations of tokenizing stocks after Tesla, Amazon, and four other big names turned down plans for the tokenization of their shares on the cryptocurrency exchange’s joint venture with New York Stock Exchange owner Intercontinental Exchange (ICE). Six new companies have raised objections to their shares being tokenized on the OKXICE platform. Among the new objectors are Elon Musk’s Tesla and SpaceX, e-commerce giant Amazon, streaming giant Netflix, semiconductor equipment maker Lam Research and fintech firm SoFi Technologies.