Coinbase CEO Brian Armstrong has expressed support for the tokenization of company stock, stating that the move would help broaden the shareholder base. He stated on social media that he supports tokenizing Coinbase stock to attract more shareholders, believing that excluding a potential new class of shareholders is detrimental to business development and that companies should cater to customer demand. Meanwhile, 67 companies, including Apple, Tesla, NVIDIA, and Meta, have opposed the tokenization and trading of their shares on OKXICE, the joint venture platform between OKX and the Intercontinental Exchange (ICE).