Nasdaq (a rival of ICE-owned NYSE) is reportedly urging issuers listed on its exchange to oppose the tokenization plan, per @coinbureau.
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Narrative / Rank 17 / Week of Oct 25 – Oct 31
Nasdaq Moves Against NYSE Parent ICE's Tokenized-Stocks Push as 38 Companies Object and Its Own INJ ETF Nears Launch
Peak / day10tracked accounts
Peak dayFriOct 30 · busiest day in the panel
Rest of X / peak day129distinct accounts outside the panel
Cited claims10source links retained
Market—no token attached
Attention
Who was talking, day by day
Tracked paneldistinct tracked accounts / day
Rest of Xdistinct other accounts / day
What happened
This week's strongest Nasdaq thread is a corporate fight over tokenized stocks: @coinbureau posted that Nasdaq, a rival of ICE-owned NYSE, is reportedly urging issuers listed on its exchange to oppose the plan, and that 38 companies have now objected, 22 of them Nasdaq-listed — including IBM, Intel, AMD, Alphabet, Microsoft, Broadcom, Oracle, Walmart, Moderna and CoreWeave (post 2116107403250868503). Coinbureau had earlier flagged that the NYSE's parent and OKX originally proposed over 60 US stocks as tokens (2114325114430910670). Separately, other tracked accounts tied Nasdaq to new crypto listings: the Canary Staked INJ ETF ($INJC) is launching on Nasdaq with up to 90% of INJ staked and BitGo as custodian, with the Injective Foundation committing $15M at $25/share (2115616835424973055, 2116405727447171572); Canton's CNTN tokenized shares are set to carry the same rights as its Nasdaq stock with TSV trading expected as early as Nov 2 (2116540443928539138, 2115847867172860246); and Anthropic announced Nasdaq plans under $ANT while Hyperliquid's trade[XYZ] runs a pre-IPO contract xyz:ANT (2114721892099596497, 2114928314112700694). Macro posts also used Nasdaq as a benchmark — Kobeissi's thread said the Nasdaq 100 is up +11% YTD and nearly +70% since April 2025 (2116251345296736554), while a Kyle Reidhead repost noted Nasdaq futures down 2%+ in a broad selloff (2116448822003949906).
Why it matters
Tokenized equities have been one of crypto's biggest narrative bets this year, and now the exchange that lists most of the tech names being tokenized is reportedly organizing opposition — 38 objectors, 22 of them on its own board. At the same time, Nasdaq is the listing venue for crypto-native products arriving this quarter (Canary's staked INJ ETF, Anthropic's $ANT, Canton's CNTN parity shares), which makes it both the venue and a stakeholder in the tokenization debate. For CT, this is a specific, quotable conflict rather than generic 'adoption' talk.
Observed reaction
Split and somewhat contested: the tokenization-opposition framing is cautious/skeptical (objections described as 'CRACKS in TOKENIZATION'), while posts about Nasdaq-listed crypto products (INJ ETF, Canton CNTN parity shares, NEAR on Nasdaq-listed Gemini) are bullish and promotional. Broad macro posts using the Nasdaq as a backdrop (100 down 2% futures, Kobeissi's 'zoom out' thread) are defensive but not bearish on crypto specifically.
Spread
Where it started and who carried it
- First seen
- Oct 25, 11:56 UTC by @altcoinmillie
- Accounts
- 37 tracked · 36 elsewhere on X
- Communities
- general ct (8), eth defi (6), perps trading (5), macro rwa (5)
- Key accounts
- @lordsambrah, @mathburn666, @kobeissiletter, @kalshi, @kalshi_finance
Explainability
Evidence register
Coinbureau reports that 38 companies have now objected, 22 of which are Nasdaq-listed, naming among them IBM, Intel, AMD, IonQ, Intuit, Adobe, Oracle, Verizon, Eli Lilly, SanDisk, Walmart, Moderna, Alphabet, AppLovin, Broadcom, Microsoft, Caterpillar, CoreWeave, Qualcomm and Rocket Lab.
[1]In an earlier @coinbureau post, the NYSE's parent company (ICE) and OKX were described as originally proposing over 60 US stocks as tokens.
[1]CantonStrategic announced a partnership with TSV and Fairmint to bring its shares to Canton Network; tokenized CNTN shares carry the same rights as Nasdaq shares of CNTN and are expected to trade on TSV via the Tradecraft protocol as early as Nov 2 with atomic settlement on Canton.
[1][2]The Canary Staked INJ ETF ($INJC) is launching on Nasdaq, aims to stake up to 90% of INJ holdings, uses BitGo as custodian, and the Injective Foundation committed $15 million at $25 per share as seed capital.
[1][2]Anthropic officially announced plans to list on Nasdaq under the ticker $ANT, per Polymarket, and Hyperliquid's trade[XYZ] offers a pre-IPO contract xyz:ANT with a Nasdaq listing expected around November 20.
[1][2]RT @KobeissiLetter: the Nasdaq 100 is up +11% YTD and nearly +70% since its April 2025 low.
[1]RT @KyleReidhead: Nasdaq futures were down 2%+ amid a broad stock selloff that included Google -12.6% and Amazon -7%.
[1]@haenko21's post: Gemini is public on Nasdaq and $NEAR just landed on Gemini with deposits and withdrawals live.
[1][2]Google missed on revenue and EPS, with search growth slowing to 12% and free cash flow of negative $9.07B after $51.4B of capex in a single quarter, losing about $500B in value in its worst day in 20+ years.
[1]Angles
- Data-driven breakdown of the 38 objectors and 22 Nasdaq-listed companies opposing the ICE/NYSE tokenized stocks plan (IBM, Intel, AMD, Alphabet, Microsoft etc.) — with a caveat about the unverified 'reportedly urging' sourcing.
- Explainer thread: what Nasdaq's opposition means for tokenized equities and how it connects to the broader record tokenization wave flagged by @coinbureau.
- Comparison content on rival tokenization paths: NYSE/OKX's 60+ tokenized stocks proposal vs. Canton's tokenized CNTN shares with Nasdaq parity rights vs. the Canary INJ Staked ETF launching on Nasdaq.
In the playbook for Fri, Nov 6
Formats in use
- RT (quote-tweet) of @coinbureau's objections list
- Quote tweet
- Screenshot of coinbureau post
- Thread
- News-style breaking post
- List post
Risks
- The claim that Nasdaq is 'reportedly urging' its listed issuers to oppose the plan is sourced only to coinbureau's post and must be labeled unverified/reported.
- The list of 38 objectors and the designation of which are Nasdaq-listed is from a single account; do not repeat the names as confirmed fact without verifying.
- Do not frame any of this as investment advice or imply INJ/Nasdaq-tied products will go up; the $25 seed price in @zuesthekreator's post is the foundation's claim, not market data.
- The Anthropic Nasdaq listing (ticker $ANT) and the ~Nov 20 date are from a Polymarket repost and a Hyperliquid builder's post; treat as announcements, not confirmed dates.
- Avoid harassment of Nasdaq, ICE, or listed companies; the objections are a corporate/regulatory dispute.
- Kobeissi/Nyse volume and market numbers are third-party claims reposted by tracked accounts; attribute them.
Observed content
Most-engaged posts
RT @KobeissiLetter: Tech Stocks in Bear Market Territory: 1. AppLovin, $APP: -68% 2. Coinbase, $COIN: -62% 3. CoreWeave, $CRWV: -60% 4. Arm Holdings, $ARM: -55% 5. Western Digital, $WDC: -54% 6. Intel, $INTC: -54% 7. Oracle, $ORCL: -51% 8. SanDisk, $SNDK: -49% 9. Circle, $CRCL:Open on X →
RT @KobeissiLetter: On days like today, it's important to zoom out. No, the AI Revolution is not "over," and the market is not "going to zero." In fact, the Nasdaq 100 is up +11% YTD and nearly +70% since its April 2025 low. Meanwhile, the S&P 500 is currently set to post a blOpen on X →
RT @NoLimitGains: 🚨 Something is happening in China and it’s a fucking DISASTER… China's AI stocks were 42% of their entire stock market. 42% of ABSOLUTELY EVERYTHING. Those stocks are down 40% since June. $3.5 trillion GONE. Reuters used the word "burst" this week. Even aftOpen on X →
RT @KyleReidhead: Why is the stock market getting NUKED right now? Google -12.6%, Amazon -7%, Intel -25%, Nasdaq futures down 2%+... and it's happening after these companies posted some of the best cloud growth we've EVER seen Here's what you need to know as an investor: 1. GoOpen on X →
RT @KobeissiLetter: Retail investor options trading activity is skyrocketing. Retail options trading activity surged to 61% of total volume on Citadel's platform last week, near its highest on record. This proportion has risen +16 percentage points over the last 12 months. ThiOpen on X →
RT @coinbureau: A month ago, we warned that “MASS TOKENIZATION” was coming. Today, it’s breaking records, and the numbers are getting hard to ignore. Stocks. Bonds. Bank deposits. Investment funds. The way we invest and move money is changing. You could end up using blockchaiOpen on X →
RT @injective: What is $INJC? ✅ Canary’s INJ Staked ETF ✅ Launching on Nasdaq ✅ Aims to stake up to 90% of INJ holdings ✅ @BitGo as custodian INJC will unlock unparalleled access for $INJ across most traditional brokerages that investors are already familiar with. https://t.co/Open on X →
RT @HyperliquidR: In our view, this is one of the most important moments in Hyperliquid's history. Anthropic is one of the largest IPOs ever, with a Nasdaq listing expected around November 20. Until then, Hyperliquid is one of the few venues where it trades, through trade[XYZ]'sOpen on X →
History