- 33 companies, including JPMorgan Chase, Coca-Cola, AMD, Adobe, and Dell Technologies, formally objected to having their shares tokenized on OKXICE as of October 27, 2026
- OKXICE, a 50-50 joint venture of OKX and Intercontinental Exchange (ICE, parent of NYSE), plans 24/7 tokenized US stock trading under an SEC innovation exemption
- Objecting issuers can block third-party tokenization of their shares by submitting formal notices, with no explanation required
- The venue runs permissioned Uniswap v4 liquidity pools on OKX’s XLayer blockchain, settling trades in stablecoins like USDC and USDT
Resistance Reaches 33 Companies
The number of US companies formally opposing OKXICE’s tokenized stock venue jumped to 33 as of October 27, 2026. JPMorgan Chase, Coca-Cola, AMD, Adobe, Applied Materials, Dell Technologies and Sandisk have been added to the list of companies objected to by OKXICE Token Securities Venue (TSV) in a public notice filed on October 27.
JUST IN: 🇺🇸 33 major US companies have now objected to their tokenized shares trading on OKX-ICE. The October 27 list includes Microsoft, Alphabet, JPMorgan, Goldman Sachs, Coca-Cola and McDonald’s. https://t.co/GAEV4gBH3I
— The Cryptonomist (@Cryptonomist_en) October 28, 2026
Previously, IBM, IonQ, Oracle, Intel, Wells Fargo, Intuit, Microsoft, Alphabet, Goldman Sachs, Broadcom, Verizon, Qualcomm, Caterpillar, McDonald’s amongst others had previously objected to the proposed listing. The number has increased rapidly rising to 9 objections on October 19, 16 objections, 22 objections, 26 objections and finally 33 objections.
Source: okx.com
What OKXICE Is Proposing
OKXICE LLC is a 50-50 joint venture between OKX, the global crypto exchange, and Intercontinental Exchange (ICE), parent company of the New York Stock Exchange (NYSE).
Wall Street wants blockchain.
Corporate America wants control.33 companies have now objected to having their shares tokenized on the planned OKX-ICE exchange.
The latest include JPMorgan $JPM, AMD $AMD, Adobe $ADBE, Dell $DELL and Coca-Cola $KO, joining Microsoft $MSFT, Alphabet $GOOGL and Goldman Sachs $GS.
The platform promises 24/7 stock trading and blockchain settlement.
But companies are pushing back against tokenization without their approval.The future of stock trading may be digital, but who controls it is becoming the bigger debate.
— Inorganic Growth Enabler (@harjitrathore) October 29, 2026
Under a temporary innovation exemption granted by the US Securities and Exchange Commission (SEC) in September, the venue plans to offer 24/7 trading of tokenized versions of publicly listed US stocks.
Trading would happen through permissioned Uniswap v4 automated market maker pools on OKX’s XLayer blockchain, with settlements in stablecoins including USDC and USDT.
Andrew Cuomo, former New York Governor and OKXICE co-chair, said he anticipated more objections and called the technology a 24-seven world shift.
Why Issuers Are Pushing Back
Under the SEC exemption rules, OKXICE must notify issuers before tokenizing their shares. Any company can formally object without explaining why.
Analyst concerns center on lack of control over how shares trade on third-party platforms, potential effects on liquidity and price discovery, and unfamiliar stablecoin settlement mechanics. Nasdaq, which plans its own tokenized securities venue for 2027, said it intends to opt out of any such venue for its own stock.
Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV
You need to login in order to Like
Leave a comment