JPMorgan, AMD and 6 other companies oppose OKX ICE tokenizin
Crypto journalist Eleanor Terrett disclosed that OKXICE, the joint venture between OKX and Intercontinental Exchange (ICE), updated its public notice on Tuesday evening ET. JPMorgan, AMD, Applied Materials, Coca-Cola, Adobe, Dell, and Sandisk have newly added their opposition to stock tokenization, bringing the total number of companies publicly opposing to 33, more than half of the 62 companies originally named.
Timeline
- [10-28 11:17] JPMorgan and 6 other companies oppose OKXICE stock tokenization, bringing total opposition to 33 (Wu Blockchain)
- [10-28 11:19] JPMorgan, AMD, and 6 other companies oppose OKXICE tokenizing their stocks, raising total opposing companies to 33 (Odaily Planet Daily)
- [10-28 11:20] JPMorgan, AMD, and 7 other companies join opposition to OKXICE tokenization, total rises to 33 (PANews)
Background and Impact
According to crypto journalist Eleanor Terrett's post on X, OKXICE, the joint venture between OKX and Intercontinental Exchange (ICE), updated its public notice on Tuesday evening ET, adding 7 companies that oppose their stocks being traded on OKXICE's planned tokenized trading platform: JPMorgan, AMD, Applied Materials, Coca-Cola, Adobe, Dell, and Sandisk. This brings the total number of companies publicly expressing opposition to 33. Both Wu Blockchain and Odaily Planet Daily cited Eleanor Terrett's above message, and the three reports were consistent on the company list and the total number.
The timeline of the event traces back to OKXICE's project design: the company originally named 62 publicly listed companies in its plan. Previously, when IBM, Oracle, Intel, and IonQ successively joined the opposition, the total number of opposing companies was 26; with this update of 7 companies, the number of opponents has risen to 33. PANews pointed out that more than half of the 62 companies originally named have now raised objections, which means the advancement of OKXICE's stock tokenization list faces substantial resistance, but the materials did not disclose the specific reasons for each company's opposition or the subsequent procedural arrangements.
From a market perspective, this event reflects a divergence in attitudes among traditional publicly listed companies toward trading their stocks on third-party tokenization platforms. For users following exchange developments, channel cost information such as Binance trading rebates, OKX fee rebates, OKX trading rebates, Huobi fee rebates, and Huobi trading rebates is often searched together as a reference for comparing the cost of using various platforms; however, these are a different issue from the OKXICE stock tokenization project and should not be conflated. Currently, there is no material showing that regulators have made a statement on this matter, nor has OKXICE made any public response to the above opposition.
FAQ
### Will the number of opposing companies continue to increase?
Currently, the materials only show that the total number of public opponents has risen to 33, more than half of the 62 companies originally named. When IBM, Oracle, Intel, and IonQ joined earlier, the total was 26; the pace of growth shows that the opposition camp is still expanding, but whether it will increase further beyond the current majority remains impossible to judge with the available information.
### What are the specific reasons for each company's opposition?
None of the three sources disclosed the specific reasons why JPMorgan, AMD, and other companies oppose stock tokenization, only citing crypto journalist Eleanor Terrett's post on X to confirm the list. The market currently cannot infer their legal, compliance, or commercial considerations from the available materials.
### What has OKXICE responded? What are the next steps?
The materials show that OKXICE only updated its public notice on Tuesday evening ET, incorporating the list of opposing companies, without disclosing any public response to the objections. Whether regulators will intervene or whether the project will adjust the list, there is no related information in the current materials.