JPMorgan Chase,AMD and other 7 companies oppose OKXICE's tokenized stock plan, bringing the number of opponents to 33 companies
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AT A GLANCE
According to PANews, an additional 7 companies oppose the trading of their shares on OKXICE's planned tokenized trading platform.
Article
JPMorgan Chase,AMD and other 7 companies join opposition to OKXICE tokenization, bringing the total to 33 companies
PANews October 28 reports that crypto journalist Eleanor Terrett posted on X that OKX and Intercontinental Exchange (ICE)'s joint venture OKXICE updated its public notice on Tuesday evening Eastern Time, with another 7 companies opposing the trading of their shares on OKXICE's planned tokenized trading platform, namely JPMorgan Chase,AMD, Applied Materials, Coca-Cola, Adobe, Dell, and Sandisk, bringing the total number of opposing companies to 33 companies.OKXICE Of the 62 companies initially named, more than half have already raised objections. Previously, after IBM, Oracle, Intel, and IonQ joined, the total number of opposing companies was 26 companies.
PANews said that crypto journalist Eleanor Terrett disclosed the relevant information in a post on X.
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OKXICE updated its public notice on Tuesday evening Eastern Time.
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The newly opposing companies are JPMorgan Chase,AMD, Applied Materials, Coca-Cola, Adobe, Dell, and Sandisk.
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The total number of opposing companies increased from 26 companies to 33 companies.
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OKXICE Initially named 62 companies, more than half of which have already raised objections.
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Previously, after IBM, Oracle, Intel, and IonQ joined the opposition, the total number of opposing companies was 26 companies.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The “tokenized trading” mentioned in the report refers to trading stock-related rights and interests on the platform in token form. The key point of this news is that more companies included in OKXICE's plan have explicitly expressed opposition, bringing the cumulative total to 33 companies.
Why it matters to readers
The continuing increase in the number of opposing companies indicates that uncertainty remains over whether the shares listed by OKXICE can enter the tokenized trading platform as planned.
Beginners should distinguish between company shares and their tokenized trading form; the objections reported do not mean that trading in the underlying shares themselves has ceased.
Risks and unknowns
The evidence includes only PANews' account of Eleanor Terrett's post and does not provide the full text of OKXICE's public notice.
The original statements and specific reasons for opposition from each of the newly added 7 companies were not provided.
It does not explain how these objections will affect the platform's scope of underlying assets or launch schedule.
The phrase “oppose OKXICE tokenization” in the headline is broad; the body more specifically describes opposition to trading their shares on the platform.
Related Developments
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Related concepts
Tokenization
The process of converting a physical asset into digital form or a token to represent its value and ownership.
