JPMorgan, Coca-Cola and Dell Join Opposition to OKX-ICE Tokenized Stock Plan

The objections follow earlier resistance from firms such as Intel, IBM, Oracle, and IonQ, which raised the count to 26 in a previous notice. Other companies that have objected include Microsoft, Alphabet, Intuit, Goldman Sachs, and Wells Fargo.

The proposed platform would allow tokenized stocks to trade continuously through on-chain liquidity pools, with transactions settled in stablecoins. It operates under a five-year U.S. Securities and Exchange Commission innovation exemption that lets qualifying platforms test tokenized securities trading under a modified regulatory framework. Under that framework, companies can block third-party tokenized listings of their shares by objecting during a 30-day notification period.

Most objectors have not publicly stated their reasons, and OKXICE has not announced a launch date. According to BitKE, the opposition points to a central obstacle for tokenized equities: platforms can build on-chain trading infrastructure, but issuers can still prevent third-party venues from listing tokenized versions of their shares under the exemption.

Intel, IBM, Oracle and IonQ Join Opposition to OKX-ICE Tokenized Stock Platform

Four more firms have objected to the OKX-ICE plan to offer tokenized versions of U.S.-listed shares, raising the number of opposing companies to 26.