50家公司反对OKX-ICE股票代币化计划
Nvidia, Nike Join 50 Companies Blocking OKX–ICE Stock Token Push
传统金融巨头对加密资产上链的态度转变直接影响合规代币化赛道的发展前景，建议关注SEC监管框架下的机构博弈动态。
Bitcoin Magazine
比特币杂志
Nvidia, Nike Join 50 Companies Blocking OKX–ICE Stock Token Push
英伟达、耐克加入50家公司行列，反对OKX-ICE的股票代币化计划
Fifty public companies have now objected to having their shares tokenized on OKXICE, the joint venture between crypto exchange OKX and New York Stock Exchange parent Intercontinental Exchange (ICE), as the venue’s first 30-day notice window closes Tuesday.
随着该场所30天通知窗口于周二关闭，已有50家上市公司反对在OKXICE（加密货币交易所OKX与纽约证券交易所母公司洲际交易所(ICE)的合资企业）上将其股份代币化。
The venue’s Oct. 30 notice added 12 objectors, including Nvidia, Costco, Nike, Micron and Reddit. They join Microsoft, Alphabet, JPMorgan Chase, Goldman Sachs, Walmart, Broadcom, Verizon and Intel, among others. Of the 62 companies OKXICE initially proposed to tokenize, 43, or about 69%, have objected, according to a CoinDesk tally.
该场所10月30日的通知新增了12家反对者，包括英伟达、好市多、耐克、美光科技和Reddit。它们加入了微软、Alphabet、摩根大通、高盛、沃尔玛、博通、威瑞森和英特尔等公司的行列。根据CoinDesk的统计，OKXICE最初提议代币化的62家公司中，有43家（约69%）已提出反对。
The list has grown fast: nine objectors on Oct. 15, 16 on Oct. 19, 38 on Oct. 28 and 50 two days later.
名单增长迅速：10月15日有9家反对者，10月19日增至16家，10月28日达到38家，两天后增至50家。
How the opt-out works
退出机制如何运作
The objections stem from the SEC’s five-year “Innovation Exemption,” issued Sept. 17, which lets tokenized securities venues (TSVs) trade blockchain versions of U.S. stocks through automated market makers without registering as exchanges. When an unaffiliated third party tokenizes a company’s stock, the venue must notify the issuer, which then has 30 days to object in writing. Silence counts as consent, and the order offers no way to object after the window closes.
这些反对意见源于美国证券交易委员会（SEC）于9月17日发布的五年“创新豁免”，该豁免允许代币化证券场所（TSV）通过自动做市商交易美国股票的区块链版本，而无需注册为交易所。当无关联的第三方对公司股票进行代币化时，场所必须通知发行人，后者随后有30天的时间以书面形式提出异议。沉默即视为同意，且该条款在窗口关闭后不提供任何异议途径。
OKXICE plans 24/7 trading of tokens backed one-for-one by shares, paired against stablecoins such as USDC in permissioned pools on OKX’s X Layer blockchain.
OKXICE计划提供24/7全天候交易，其代币由股份一对一支持，并在OKX的X Layer区块链上的许可池中与USDC等稳定币配对交易。
The objecting companies have not given reasons. JPMorgan said it remains encouraged by tokenization but wants to be thoughtful about how its shares are represented and traded. “Given how easy the opt-out is, the list of objectors is likely to keep growing,” Olivia Vande Woude, head of tokenization at Ava Labs, said.
反对公司尚未给出理由。摩根大通表示，它仍然对代币化持乐观态度，但希望审慎考虑其股份的表示和交易方式。“鉴于退出的便利性，反对者名单可能会继续扩大，”Ava Labs代币化负责人Olivia Vande Woude说。
Nasdaq’s role
纳斯达克的角色
The fight has also taken on a competitive edge. An executive at a Nasdaq-listed company told Crypto in America that a Nasdaq representative urged the company to object and offered a call to explain why. Nasdaq declined to comment on the claim but reiterated that TSVs are not the best path to tokenization.
这场斗争也带上了竞争色彩。一位在纳斯达克上市的公司高管告诉Crypto in America，一名纳斯达克代表敦促该公司提出异议，并提供电话解释原因。纳斯达克拒绝就该说法发表评论，但重申TSV并非代币化的最佳路径。
Nasdaq argues that venues outside the National Market System could fragment liquidity and lack real-time best-price display and consolidated-tape reporting. It is building its own issuer-centric Nasdaq Equity Token with Kraken, targeted for the second quarter of 2027.
纳斯达克认为，国家市场体系之外的场所可能会分散流动性，并且缺乏实时最佳价格显示和综合报告。纳斯达克正与Kraken合作开发其自身的以发行人为中心的Nasdaq Equity Token，目标是在2027年第二季度推出。
A full-page Wall Street Journal ad urging CEOs to opt out, headlined “YOUR STOCK. THEIR TOKENS. YOUR PROBLEM.,” linked to Nasdaq’s FAQ via QR code. Conservative-leaning nonprofit Common Sense Leadership Fund paid for it. Nasdaq said it had no connection to the ad and never funded the group.
《华尔街日报》整版刊登广告，敦促首席执行官们选择退出，标题为“你的股票。他们的代币。你的问题。”，并通过二维码链接至纳斯达克的常见问题解答（FAQ）。该广告由倾向保守派的非营利组织“常识领导基金”（Common Sense Leadership Fund）出资。纳斯达克表示与该广告无关，也从未为该组织提供资金。
OKXICE co-chair and former New York Gov. Andrew Cuomo has called the objections a “natural response.”
OKXICE联合主席、前纽约州州长安德鲁·科莫（Andrew Cuomo）称这些反对意见是一种“自然反应”。
“We are at the very beginning of the rollout of fundamentally different market structure,” he said last week.
他上周表示：“我们正处于一种根本不同的市场结构推出的最初阶段。”
For context, a tokenized stock is a blockchain token backed one-for-one by a real share, which a third party holds. OKXICE lets it trade around the clock against stablecoins like USDC. Under the SEC’s Innovation Exemption, the venue can list these tokens without the issuing company’s consent, unless the company objects within 30 days.
作为背景知识，代币化股票是由第三方持有的一比一真实股份支持的区块链代币。OKXICE允许其像USDC等稳定币一样全天候交易。根据美国证券交易委员会（SEC）的创新豁免条款，除非公司在30天内提出异议，否则该平台可在未经发行公司同意的情况下列出这些代币。
This post Nvidia, Nike Join 50 Companies Blocking OKX–ICE Stock Token Push first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
本文《英伟达、耐克加入50家公司行列，阻止OKX-ICE股票代币推进计划》首发于《比特币杂志》，由Micah Zimmerman撰写。
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