Update
JPMorgan, Coca-Cola, Dell Join Pushback Against OKXICE Tokenized Stock Trading Plan
JPMorgan Chase, Coca-Cola, and Dell Technologies have joined a growing number of objections to the tokenized stock trading plans by crypto exchange OKX and NYSE parent Intercontinental Exchange (ICE). The companies, along with Applied Materials, Adobe, Dell Technologies, and Sandisk, have now objected to the venture, bringing the total number of objections to 33 out of 62 proposed companies. The growing list of objections highlights issuers' caution about a new market structure under the SEC's 'Innovation Exemption,' which allows for testing blockchain-based stock trading.