JPMorgan, Adobe and Dell join 33 firms opposing OKXICE’s tokenized stock plans

More than half of the 62 companies named by the OKX-ICE joint venture have now opted out of having their shares tokenized JPMorgan has said no thanks. So have Adobe, Dell, AMD and Coca-Cola. Seven more companies have objected to OKXICE’s plan to offer tokenized versions of their shares. That brings the total number of objectors to 33, more than half of the 62 companies the OKX-ICE joint venture originally named for its planned venue. When the majority of your guest list RSVPs “decline,” it stops being a party and becomes a meeting about the party. Who opted out this time The latest batch arrived in an updated notice issued Tuesday evening. Alongside JPMorgan, AMD and Coca-Cola, the list added Applied Materials, Adobe, Dell and Sandisk. That is a big bank, a beverage giant, a design software company and a cluster of chip and hardware names. The opposition is not coming from one corner of the market. It spans finance, consumer goods and tech. The pushback also moved fast. According to the research findings, objections began with a single issuer and swelled to 33 within a few weeks. The combined market value of the objecting companies is approximately $17 trillion, per the same resear...