JPMorgan · SEC · OKX · CoinDesk
JPMorgan, Coca-Cola, Dell also say 'no' to OKX-ICE tokenized stock trading plan
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JPMorgan Chase (JPM), Coca-Cola (KO) and Dell Technologies (DELL) have joined the growing pushback against tokenized stock trading plans by crypto exchange OKX and NYSE parent Intercontinental Exchange, with nearly half the companies on the venture’s original roster now opting out.
Key facts
- UPDATE (Oct. 28, 13:45 UTC): Adds comment from JPMorgan Chase spokesperson
- All seven newly disclosed objectors were among the 62 companies initially proposed for trading, bringing objections from that roster to 30, or about 48%, ’s tally
- The companies, alongside Applied Materials, Adobe, Dell Technologies and Sandisk, appeared in an updated public notice dated Tuesday, Oct. 27, from OKXICE, the two firms’ joint venture
- JPMorgan Chase (JPM), Coca-Cola (KO) and Dell Technologies (DELL) have joined the growing pushback against tokenized stock trading plans by crypto exchange OKX and NYSE parent Intercontinental
Summary
JPMorgan Chase, Coca-Cola, Dell Technologies and four other companies have objected to inclusion on OKXICE’s tokenized stock trading platform, raising disclosed objections to 33. Thirty of the 62 companies originally proposed for trading have opted out, representing about 48% of the initial roster. The venture plans to offer round-the-clock, stablecoin-settled trading under the SEC’s five-year “Innovation Exemption,” but issuers remain cautious about the emerging market structure. The companies, alongside Applied Materials, Adobe, Dell Technologies and Sandisk, appeared in an updated public notice dated Tuesday, Oct. 27, from OKXICE, the two firms’ joint venture.