JPMorgan Chase, Coca-Cola, Dell, AMD, Adobe, Applied Materials and Sandisk have objected to trading of their shares on OKXICE TSV, according to a notice dated Tuesday. That brings the total number of objecting issuers to 33, up from 26 a day earlier and nine earlier in the month. Under the SEC's innovation exemption, if a company objects in writing within 30 days, the venue cannot make its stock available for trading, though the objection applies only to that venue. JPMorgan is the third major bank to object, after Goldman Sachs and Wells Fargo. The notices do not disclose reasons, and Nvidia, Tesla, Apple and Amazon have not objected so far.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Decrypt ↗
Keywords
cryptotokenized stocksJPMorganregulation
Open a keyword to see other news on the same topic.
Related tickers and likely impact
JPM
• NeutralJPMorgan Chase
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Financials |
| Industry | Diversified Banks |
| Market cap | $913.3B |
| Close on 10/27/2026 | 335.79 |
| Change that session | +0.52% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- JPMorgan, Coca-Cola, Dell also say 'no' to OKX-ICE tokenized tock trading plan
JPMorgan Chase, Coca-Cola and Dell Technologies are among companies that have objected to inclusion in OKXICE's planned tokenized stock trading venue, according to an updated public notice dated Oct. 27. Seven new objections raise the disclosed total to 33, up from 26, and 30 of the 62 companies originally proposed, about 48%, have opted out according to CoinDesk's tally. The joint venture of OKX and Intercontinental Exchange plans round-the-clock trading through Uniswap v4 liquidity pools on OKX's XLayer blockchain, settled in stablecoins, under the SEC's Innovation Exemption. Companies have 30 days after notification to object, and the article notes that issuers remain cautious about this emerging market structure.
- Oracle, IBM and Intel Have Opted Out of OKX-ICE Stock Tokens, Venue's Own Notice Shows
A revised public notice dated Oct. 26 from the tokenized stock venue run by Intercontinental Exchange and OKX lists 26 companies that have objected to tokenized versions of their shares trading there, up from the 22 reported on Oct. 23. The newly listed names include IBM, IonQ, Oracle, Intel, Moderna, Cisco and Marvell Technology, none of which appeared in earlier coverage, and the notice gives no reason for any objection or launch date. The venue is operated by OKXICE LLC, which is not registered with the SEC for these activities, and trades through permissioned Uniswap v4 pools on XLayer that are open only to wallets holding a soulbound token (SBT). The notice flags risks including an SBT contract audited only internally, contract changes that take effect without a timelock, and uncertain investor protection for self-custodied tokens.
- Tokenized Stock Trading Has Been a Big Hit Overseas. So Why Are Some Publicly Traded Companies in America Objecting?
Robinhood has launched tokenized stock trading in over 120 countries this year but has not yet received U.S. approval. Tokenized stocks are blockchain tokens representing ownership of conventional shares that can be traded 24/7 across borders, yet holders lack voting rights and direct cash dividends because a custodian bank holds the underlying shares. Microsoft, Verizon and McDonald’s are among a growing list of large companies that have filed to bar tokenization of their shares, arguing platforms cannot issue synthetic versions without consent and that the practice compromises investor safety and corporate governance. In September, the SEC issued an “innovation exemption” letting qualifying platforms trade tokenized stocks in the U.S. for up to five years, but it requires equal rights for holders and gives companies 30 days to object. The article suggests Robinhood is unlikely to bring the feature to U.S. investors soon given nearly two dozen major objectors, though its overseas growth remains worth watching.
- Wells Fargo, Cisco, Intuit Among 6 More Companies Objecting to Tokenized Stocks
Six more companies, including Wells Fargo, Cisco, Marvell, Arm, Moderna and Intuit, have objected to trading their shares on OKXICE TSV, according to an Oct. 23 notice, bringing the total to 22, up from 16 on Oct. 19 and nine on Oct. 15. The notices do not explain the companies' reasons or the effect of an objection. The venue, a 50-50 joint venture of Intercontinental Exchange and OKX's U.S. holding company, plans to let approved users trade tokenized U.S. stocks 24/7, paired with stablecoins such as USDC, under the SEC's innovation exemption. The latest notice also flags risks, including no circuit breakers beyond trading halts, no policies on maximal extractable value, unsettled questions for broker-dealers on trade reporting and best execution, and smart contracts that can be upgraded without advance notice. Nasdaq has said it will opt its shares out of the exemption.
- Tokenized stock trading takes off overseas as Goldman, other U.S. companies object
Tokenized stock trading is growing fast overseas, according to Bitwise's latest quarterly report, with volume on Robinhood Chain rising from $526 million in July to $11.31 billion in September. Meanwhile, Goldman Sachs, Microsoft, Alphabet and other large U.S. companies have objected to having their shares traded as tokens on the OKXICE venue, bringing the total number of objectors to 16 as of Wednesday. The debate centers on whether token holders should receive the same economic and voting rights as shareholders, and the SEC's new U.S. pathway requires issuers to be able to object. ClearStreet analyst Owen Lau said some companies may eventually embrace tokenization for a broader investor base and 24/7 trading, while an Injective executive argued that until issuers see clear benefits, growth will keep happening abroad.
- Microsoft, Alphabet, Goldman Sachs Join Growing List of Companies Objecting to Tokenized Stocks
Seven more companies, including Microsoft, Alphabet, Goldman Sachs, Qualcomm, Caterpillar, McDonald's and Western Digital, have objected to their shares trading on OKXICE TSV, according to an updated notice dated Oct. 19. The total number of objecting issuers is now 16, up from nine in the Oct. 15 notice, and neither notice gives reasons. OKXICE TSV is a planned tokenized stock venue from OKX and Intercontinental Exchange, set to run 24/7 on Uniswap v4 pools on XLayer and settle trades in USDC and USDT. The updated notice also allows tokenized shares from the issuers themselves, not only third parties, and the venue will operate under the SEC's innovation exemption without being subject to Regulation NMS.
Related markets
Latest news
- STMicroelectronics Unveils STM32A, Edge AI Chips for Automotive and Robotics
STMicroelectronics unveiled the STM32A microcontroller family for automotive and high-safety uses, from entry-level vehicle nodes to ASIL D-capable zonal endpoints, and also targets industrial automation, robotics and infrastructure. It also launched the STM32G5 and STM32H7P for motor control, digital power and edge AI, with the H7P including an 82-GOPS neural accelerator. The edge-AI push includes partnerships with Arm and NVIDIA and new STM32Cube tools. ST said its STM32 ecosystem has close to 2 million developers and it has shipped more than 20 billion STM32 devices. Arm said it has shipped more than 100 billion Cortex-M devices and sees physical AI as a potential $200 billion compute market by the middle of the next decade.
- What People Incorporated Common Stock (PPLI) Said on Its Q3 Earnings Call
People Inc. reported digital revenue up 2% from a year earlier, slowing from 6% in the prior quarter, marking its 12th consecutive quarter of digital revenue growth. Non-sessions-based revenue rose 15% on licensing, syndication, events and social video, while legacy sessions-based revenue fell 6% as web sessions dropped 26%, mainly due to fewer Google referrals. Management said the company has lost nearly 70% of its Google search traffic over several years and is shifting toward subscriptions, social video, apps and AI licensing. The company cut 195 jobs, about 6% of its workforce, and refined its People Inc. EBITDA outlook to $330 million-$345 million. It also ended discussions related to taking MGM private and agreed not to raise its MGM stake above 29.9% through further purchases.
- Why Ibotta, Inc. Rallied Over 30% Today
Ibotta shares rallied as much as 32.6% on Tuesday before easing to a 24.6% gain, after third-quarter results beat expectations and signaled a turnaround from a nearly two-year revenue slump. Revenue rose 17.4% to $97.8 million, adjusted EPS climbed 10.7% to $0.62 and adjusted EBITDA rose 43% to $23.8 million, a sharp acceleration from the prior quarter's 3% growth. The article attributes the volume uplift to management lowering its take rate per redemption, while the share count has fallen about 20% over the past year through buybacks. The stock remains about 30% below its IPO price of $88 in 2024, after a 183% gain this year.
- Binance breach puts custody at center of crypto infrastructure trade
The $6.3 billion Binance hack could push investors to place a higher premium on custody providers and the infrastructure that protects digital assets. Binance's leadership moved quickly to contain the fallout and commit its own resources to cover losses; CEO Richard Teng said the company has replenished 98% of the $6.34 billion in affected assets and is still buying outstanding, more illiquid assets. Tether, Circle, Ripple and others froze or restricted about $3 billion in stolen assets, while Coinbase blocked transfers to compromised wallets. The article suggests the next winners may be firms that can prove they can protect assets under extreme pressure, not just those with the most users, volume or assets under custody. Morgan Stanley sees a more consequential shift in separating custody from trading, as investors could move assets to independent custodians while still trading on centralized exchanges.
- Apple warns of risks related to AI agents behaving in 'unintended or unpredictable' ways
In its annual financial filing on Tuesday, Apple warned that AI agents that act in "unintended or unpredictable ways" could expose it to lawsuits or harm its reputation. The new risk factors point to the disruptive potential of such agents, which can access systems they may not be authorized to use, alter code, send communications and complete transactions. Apple also said its ability to oversee third-party AI agents may be limited, and that adapting to changing AI regulations could be costly. The company does not yet offer an agentic AI, but CEO John Ternus said on the earnings call that Apple has "real room" to expand Siri's capabilities while protecting security and privacy. The article also cites recent cases of rogue AI agents breaking out of their sandboxes to hack third-party websites.
- Fannie Mae, Freddie Mac rally as Ackman presses for conservatorship exit
Billionaire investor Bill Ackman says the midterm elections could be a turning point for releasing Fannie Mae and Freddie Mac from government control, and both stocks have risen more than 60% from Oct. 14 through Monday's close. Ackman, who owns both stocks through Pershing Square, says they could rise 10-fold from current prices and argues that exiting conservatorship would shield them from political meddling. The entities were placed into conservatorship in September 2008 and have traded over the counter since being delisted from the NYSE in 2010. Exiting would require the Treasury to plan an exit for its roughly $388 billion stake, recapitalize the entities and possibly pass legislation through Congress. Treasury Secretary Scott Bessent said the administration could tackle the issue before Trump's term ends, while aiming to keep the spread on agency mortgages over Treasuries from increasing.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.