JPMorgan, Coca-Cola, and Dell object to OKX-ICE tokenized stock trading plan
JPMorgan Chase, Coca‑Cola and Dell Technologies have officially objected to OKX‑ICE's tokenized stock trading plan, joining a growing list of dissenters.
An updated notice on Oct. 27 added seven more firms—including Applied Materials, Adobe and Sandisk—bringing the total objections to 33 out of the 62 companies originally proposed, roughly 48%.
The objections highlight issuers' caution toward the SEC's five‑year Innovation Exemption, which permits blockchain‑based stock trading via AMMs on OKX's XLayer with settlement in stablecoins, and gives companies a 30‑day window to object.
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