Over half of OKXICE’s tokenization targets have now opted out

Homepage > News > Finance > Over half of OKXICE’s tokenization targets have now opted out TL;DR: 33 of the 63 companies OKXICE wanted to tokenize have opted out, including Adobe, IBM, Intel, Oracle, and JPMorgan, with a week left in the SEC window. Tokenization is expected to continue anyway: Robinhood continues to tokenize abroad, and DTCC’s Tokenization Service is live. Key Takeaways: OKXICE was rejected by over half of the companies whose shares it wanted to tokenize—33 of 63 had opted out as of October 27, up from 22 on October 23. The tokenization train has left the station. Miles Jennings says legal pathways exist to bring securities on-chain without the issuer’s consent. Robinhood keeps tokenizing abroad. It added eight tokenized stocks for international customers, but still doesn’t offer them in the U.S. DTCC Tokenization Service goes live with 34 securities and 20 clients, including JPMorgan and Citadel. Brief History about OKICE: OKXICE is a 50-50 joint venture between crypto exchange OKX and NYSE parent Intercontinental Exchange. It notified the SEC of plans to tokenize 63 NYSE-listed stocks under the agency’s five-year innovation exemption, issued September 17....