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JPMorgan, Coca-Cola and 5 other companies object to tokenized stock trading on OKX-ICE

· Source: Decrypt

JPMorgan Chase, Coca‑Cola, Dell Technologies, Advanced Micro Devices, Adobe, Applied Materials and Sandisk have joined the list of issuers objecting to the OKX‑ICE tokenized stock venue, bringing the total to 33 companies.

The objection list has grown rapidly, from nine firms on Oct. 15, to 16 on Oct. 19, 22 on Oct. 23 and now 33, including earlier objectors such as Microsoft, Alphabet, Goldman Sachs, Wells Fargo, Intel and Oracle.

Under the SEC’s innovation exemption, a venue must notify a company before offering tokenized shares; a written objection within 30 days bars the venue from listing that stock. The companies have not disclosed their reasons.

Summary rewritten by AI from the original article by Decrypt.

Negative Price impact: 55/100

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