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Related tickers and likely impact
ETH/USDT
• NeutralEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $277.2B |
| Close on 10/28/2026 | 2,359.68 |
| Change that session | +0.40% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- JPMorgan, Coca-Cola Among 7 More Companies Objecting to OKX-ICE Tokenized Stocks
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.
- 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.
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Intel, IBM, Oracle and IonQ have objected to having their U.S. stocks listed in tokenized form on the exchange proposed by cryptocurrency exchange OKX and ICE, the parent of the New York Stock Exchange. With these four additions, 26 companies have now filed objections, including Alphabet, Wells Fargo and Goldman Sachs. The proposal came weeks after the SEC approved temporary innovation exemptions for tokenized U.S. stocks, under which Tokenized Securities Venues (TSVs) can offer limited trading in tokenized NMS stocks. Many companies opting out have U.S. listings on Nasdaq and the NYSE, and Nasdaq advised issuers in September to be “cautious” about participating. OKXICE initially proposed 62 companies listing tokenized stocks, so about 41% have chosen not to participate as of Monday. Co-chair Andrew Cuomo, a former New York governor, said objecting was a “very natural response” and he expects more names to be added.
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A full-page Wall Street Journal ad paid for by Common Sense Leadership Fund warned public company CEOs that crypto is coming for their shares, listing eight risks and giving companies 30 days to opt out. The number of companies objecting to tokenizing their shares on the OKX-ICE venue rose from nine to 22 in about eight days, equal to 35% of the 63 companies the venue planned to list. Robinhood reports third-quarter results after the bell, and its Robinhood Chain, which launched its public mainnet, generated roughly $51 million in revenue in its debut quarter, more than Ethereum's $41 million. The chain processed about $65 billion in DEX volume, of which $13.7 billion was tokenized equities.
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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.
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