COINTELEGRAPH · 2026-11-03 21:47 UTC

SpaceX blocks tokenized stock listing on OKXICE despite offshore trading boom

SpaceX has objected to a proposed listing of tokenized shares on OKXICE, a joint venture between OKX and Intercontinental Exchange, joining 56 other companies including Tesla and Amazon in blocking the listing. Tokenized SpaceX shares have already generated $1.08 billion in trading volume on Backpack Securities and $852 million on Kraken's xStocks since June, but SpaceX is preventing US investors from accessing similar trading through OKXICE under the SEC's new Innovation Exemption framework. Nasdaq has warned that tokenized stock trading could fragment liquidity and harm shareholder value,…

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