33 large US companies including JPMorgan, AMD, Coca-Cola, Dell, Adobe, Applied Materials and Sandisk have objected to OKX and ICE tokenizing their shares, bringing objections to 33 of the 62 names OKX and ICE initially listed, per Eleanor Terrett and WatcherGuru on Oct. 28.

33 large US companies including JPMorgan, AMD, Coca-Cola, Dell, Adobe, Applied Materials and Sandisk have objected to OKX and ICE tokenizing their shares, bringing objections to 33 of the 62 names OKX and ICE initially listed, per Eleanor Terrett and WatcherGuru on Oct. 28.

The latest seven added Tuesday evening were JPMorgan, AMD, Applied Materials, Coca-Cola, Adobe, Dell and Sandisk, after IBM, Oracle, Intel and IonQ had taken the total to 26.

Under the SEC approach described by Coin Bureau, a venue planning third party tokenized stock must notify the issuer and give it 30 days to object. An objection blocks that listing on that venue, while silence lets trading proceed once other requirements are met, without active endorsement.

So the objections are a venue specific opt out, not proof of opposition to tokenization itself. Coin Bureau notes JPMorgan is still building tokenization products including Kinexys and JPM Coin while opposing a third party version of its own shares, citing concerns around price, liquidity and shareholder rights.

Coin Bureau puts the objecting group at roughly $17T in combined value, calling out JPMorgan around $890B, AMD around $870B, Coca-Cola around $400B, Dell around $320B, Applied Materials around $310B, Sandisk around $250B and Adobe around $95B as claimed figures, not verified trades.