COST · News · 20261102N

Regulatory Risk

COSTCO WHOLESALE CORP /NEW · 2026-11-02 · Importance 17 · Surprise 24

Costco joined other publicly traded companies in objecting to the proposed tokenization of its shares on the OKX-ICE platform. The objections invoke a temporary SEC exemptive order that reportedly gives issuers 30 days to veto unaffiliated third-party tokenization without issuer consent. The reporting describes 50 companies objecting, up from 26 in late October, but does not state a direct financial impact for Costco.

Key facts

• The objections to third-party stock tokenization are legally significant because a temporary SEC exemption gives companies a 30-day veto over unaffiliated third-party tokenization of their stock. source
• Costco formally objected to having its shares tokenized on OKXICE, joining 50 publicly traded companies; the objections grew from 26 companies in late October. source
• Costco is among the companies challenging unauthorized tokenization of its equity, citing an SEC exemptive order that the issuers say restricts tokenized trading of their stocks without explicit consent. source