33 Wall Street Giants Block Tokenized Stocks, But Apple and Tesla Stay Silent

Thirty-three companies, including JPMorgan and Coca-Cola, have objected to plans to trade tokenized versions of their stocks on OKXICE, a 24-hour market backed by crypto exchange OKX and New York Stock Exchange owner ICE. AMD, Adobe and Dell joined the objections Tuesday, according to a filing, bringing opt-outs to 30 of the platform’s original 62-company roster. Apple, Nvidia, Tesla and Amazon did not appear among the objectors. The objections follow the SEC’s September 17 Innovation Exemption, which allows qualifying venues to trade tokenized U.S. shares while giving companies 30 days to object; a timely objection stops only that venue. In September, AMC CEO Adam Aron accused Robinhood of offering tokens tracking AMC’s share price without permission.