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- Public companies object to OKX-ICE’s tokenized stock plan
Nine listed companies, including Cerebras Systems, AppLovin, Broadcom and UnitedHealth Group, have formally objected to their shares being offered in tokenized form on a proposed platform backed by OKX and Intercontinental Exchange (ICE), parent of the NYSE, according to a Thursday notice from the two firms. The notice did not give a reason. Under the SEC's Sept. 17 innovation exemption, tokenized venues must give issuers written notice and a chance to object before listing third-party tokenized stocks. Analysts quoted say issuers worry about price effects once shares trade on-chain, and that the objection targets tokenization without consent rather than tokenization in general. OKX had not responded to Cointelegraph's request for comment by publication, while more than $754 million has moved onchain in the past 30 days, lifting stablecoin and tokenized asset totals to $320 billion.
- FinTech Global FS Regulatory Round - up - W / e 25 September 2026
This weekly regulatory roundup covers the TNFD’s final sector guidance for technology and communications, which includes a water-risk use case for semiconductor manufacturing and datacentres. The FCA published Handbook Notice 144 on cryptoassets, including a 10% cap on cryptoasset exchange traded notes held by retail funds and the removal of most approval notifications for cryptoasset promotions. FCA CEO Nikhil Rathi said the UK must move from experimentation to adoption of tokenisation, citing potential benefits of £33 billion a year for GDP and £14 billion in tax revenue, and a joint roadmap with the Bank of England is planned. The Bank of England also consulted on 2026/27 fees for recognised payment systems and specified service providers, with responses due by 22 October 2026, while the EBA published its response to the European Commission’s MiCAR review.
- Citrini sees a tokenization boom. The harder question is who profits
Citrini Research, known for tech, AI and market analysis rather than crypto, argues in a 79-page report titled “Breaking the Wall” that tokenization could move stocks, bonds, credit and commodities onto blockchains and give crypto a clear purpose. Stablecoins, wallets, DeFi protocols, retail platforms such as Robinhood (HOOD) and Coinbase (COIN), and a clearer regulatory path for tokenized securities are all converging to support this shift. The article's main question, however, is who earns the revenue. Arthur Hayes said simply recording an existing security on a blockchain may not create much value, calling it “better bookkeeping,” while Christian Magoon of Amplify ETFs sees infrastructure providers and distributors as potential winners. Jeff Dorman of Arca expects issuance to become commoditized, with stickier economics coming from trading, lending and collateral use, and names Securitize (SECZ), Hyperliquid, Aave and Aerodrome (AERO) as possible beneficiaries.
- JPMorgan Picks Ethereum for JPM Coin, Citing the Network’s Liquidity and Client Use
JPMorgan is launching JPM Coin, its dollar deposit token, on Ethereum and will offer it to institutional clients there, as announced Monday and reported by Bloomberg. Emma Landriault, global head of Kinexys Labs, said Ethereum's liquidity and the fact that the bank's clients already use it drove the choice. The token targets large crypto firms that pay onchain and financial institutions active in tokenized assets, which can use it as onchain cash to settle trades or as collateral. JPM Coin debuted last year on Base, and it lets clients move dollars in seconds at any hour, whereas a transfer can otherwise take several days. JPMorgan's private Kinexys network already handles daily volume above $7 billion, the bank's payments arm handles around $12 trillion in daily payments, and Open Standard launched its OUSD stablecoin on Ethereum, Solana, Base and Tempo last month.
- Sam Altman's World Takes Proof-of-Human IDs to Banks, Citing $40B AI Fraud Risk
World, the identity project co-founded by Sam Altman, has launched World ID for banking and finance, a set of tools that lets institutions confirm a real person is behind transactions, trades and customer requests. Initial design partners include Bain Capital, OpenExchange, Outtake, Pantera Capital and VanEck Funds. The offering relies on three proofs: Proof of Human through a visit to an Orb device, Proof of Presence through a phone selfie liveness check, and Proof of Attributes, which confirms details such as nationality or age from a government ID. Banks could use these proofs to require a verified human to approve ACH and wire transfers or to recover accounts without collecting documents. The company cites engineering firm Arup, which wired $25.6 million after a video call with deepfake participants, and a Deloitte forecast that US AI-enabled fraud losses could reach $40 billion by 2027, while the project's Orb iris scanners have faced regulatory action in several countries.
- JPMorgan's JPM Coin, representing dollar deposits, is coming to Ethereum: Bloomberg
JPMorgan will make JPM Coin, a token representing its dollar deposits, available to institutional clients on Ethereum, according to Bloomberg. The bank says Ethereum's liquidity makes it attractive to crypto companies seeking blockchain payments and to financial firms settling trades or backing tokenized assets. The move extends JPMorgan's blockchain work beyond Base and its private Kinexys network, which processes more than $7 billion daily. The bank did not say when the token will go live on Ethereum. Meanwhile, JPMorgan is among US banks planning a shared tokenized deposit network, but it was not on Swift's list of 17 banks preparing live transactions on its blockchain ledger in July.
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