Seven major companies, including JPMorgan Chase, Coca-Cola and Dell Technologies, have formally objected to their shares being offered through OKXICE TSV, a proposed venue for trading tokenized U.S. stocks. The move takes the number of objecting issuers to 33, highlighting growing resistance as financial and crypto firms develop round-the-clock markets for blockchain-based versions of equities.
Seven more issuers join objections
According to Decrypt, Advanced Micro Devices, Adobe, Applied Materials and Sandisk were also named in an OKXICE TSV notice dated Oct. 27. The additions followed 26 objections recorded a day earlier.
The number of companies opposing listings has risen rapidly, from nine on Oct. 15 to 16 on Oct. 19 and 22 on Oct. 23. Earlier objectors include Microsoft, Alphabet, Goldman Sachs, Wells Fargo, Intel and Oracle. JPMorgan is the third major bank to object, following Goldman Sachs and Wells Fargo.
The notices do not explain why the companies objected. Several large companies, including Nvidia, Tesla, Apple and Amazon, had not objected as of the source report.
How the SEC exemption works
The objections are being filed under an innovation exemption introduced by the U.S. Securities and Exchange Commission in September, after the Clarity Act stalled in the Senate. The framework requires a venue to notify a company before listing a tokenized version of its shares created by an unaffiliated third party.
If the company submits a written objection within 30 days, the venue cannot offer that stock for trading under the exemption. The effect is limited to the specific venue involved, meaning an objection to OKXICE TSV does not prevent another platform from pursuing a tokenized listing.
OKXICE’s original Oct. 4 notice proposed 63 tokenized stocks representing 62 companies. Some later objectors, including Wells Fargo and Arm, were not included on that initial list.
What OKXICE TSV is planning
OKXICE TSV is a 50-50 joint venture between Intercontinental Exchange, the owner of the New York Stock Exchange, and the U.S. holding company of crypto exchange OKX. It plans to allow approved users to trade tokenized U.S. stocks around the clock.
The proposed trades would use permissioned Uniswap v4 pools on OKX’s XLayer blockchain and would be paired with stablecoins such as USDC. Tokenized stocks are blockchain-based representations of shares, designed in this case to make them tradable through digital-asset infrastructure rather than only through conventional stock-market systems.
Earlier notices said it remains uncertain whether tokenized shares held in self-custodied wallets would receive Securities Investor Protection Corporation coverage if the tokenizer’s broker-dealer failed. OKX and ICE began working together on tokenized securities earlier this year. Nasdaq, which received SEC approval for its own tokenized-securities pilot, has said it will opt its shares out of the exemption.
Moneyiar market picture
Moneyiar data as of Oct. 25, 2026, shows mixed performance among the listed digital assets:
- Monad (MON): $0.0215496181, down 0.49% over 24 hours and up 2.33% over seven days.
- Compound (COMP): $21.1287447338, down 10.42% over 24 hours and up 0.3% over seven days.
- Decimal (DEL): $0.458442584, unchanged over 24 hours and up 4.16% over seven days.
- Ore (ORE): $164.7502665491, up 4.48% over 24 hours and 56.42% over seven days.
