IREN (NasdaqGS:IREN) has formally objected to tokenized trading of its shares on the new ICE/OKX blockchain stock platform. The objection aligns IREN with companies including Nvidia, Costco, and Nike in challenging unauthorized tokenization of their equity. These issuers are citing an SEC exemptive order that they say restricts tokenized trading of their stocks without explicit consent. IREN's pushback against ICE/OKX tokenizing its stock without approval is one factor to weigh against the rest of our work on the business. We have also flagged 2 other big wins for IREN. For a broader view on how new trading infrastructure and compute demand intersect, consider the wider group of AI-focused infrastructure stocks via 54 AI infrastructure stocks.
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