JPMorgan, Coca-Cola, and Dell opt out of OKX-ICE tokenized stock plan
CIE News ·
Based on reporting by CoinDesk; not yet independently confirmed.
JPMorgan Chase, Coca-Cola, and Dell have objected to an OKX-ICE tokenized trading plan, bringing total pushback to 33 firms and roughly 48% of the initial 62-company roster, CoinDesk reported.
JPMorgan Chase, Coca-Cola, and Dell Technologies have formally objected to having their shares included in a tokenized stock trading platform planned by OKX and Intercontinental Exchange, according to CoinDesk. An updated public notice released by the OKXICE joint venture on October 27, 2026, disclosed seven new opt-outs, which also included Applied Materials, Adobe, and Sandisk. The additions brought the total number of disclosed objections to 33, up from 26 in a notice issued on October 26, 2026.
According to CoinDesk's tally, 30 of the 62 companies initially proposed for the platform have now opted out, representing about 48% of the original roster. Additional firms that objected, including Wells Fargo, Arm, and Cerebras, were not on that initial list. The venture seeks to facilitate continuous trading using Uniswap v4 liquidity pools on OKX's XLayer blockchain, with transactions settled in stablecoins under a five-year Innovation Exemption from the SEC.
Under the regulatory framework, eligible platforms can trade tokenized shares via automated market makers, while notified companies have a 30-day window to opt out. OKXICE co-chairman Andrew Cuomo previously noted that many firms were anticipated to observe how the market develops before joining, characterizing the pilot framework as a sandbox and model demonstration.
Key facts
- 33 total objections filed
- 48% of initial roster opted out
- Uses XLayer blockchain
- Settles via Uniswap v4 pools