OKXICE Tokenized Stock Backlash Grows to 33 Companies
More than half of the 62 companies OKXICE planned to list as tokenized shares have now formally objected, with JPMorgan, Coca-Cola, Dell, Adobe and others joining a growing wall of corporate resistance.
What we know
Eleanor Terrett broke the update that seven new companies — JPMorgan, AMD, Applied Materials, Coca-Cola, Adobe, Dell and Sandisk — joined objectors, bringing the total to 33 out of 62 companies planned for the SEC innovation exemption venue. CoinDesk confirmed and an account on X amplified. The SEC's tokenized-equity exemption experiment is now facing majority corporate pushback, raising serious questions about the viability of the planned exchange.
How the story developed
More than half of the 62 companies OKXICE planned to list as tokenized shares have now formally objected, with JPMorgan, Coca-Cola, Dell, Adobe and others joining a growing wall of corporate resistance.
26 companies — now including IBM, Oracle, Intel, and IonQ — have formally objected to OKX and NYSE's joint venture tokenizing their stocks under the SEC's innovation exemption.
Sources
“JPMorgan Chase, Coca-Cola, Dell Technologies and four others object to OKXICE tokenized stock platform”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.