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JPMorgan and Coca-Cola Among Companies Objecting to OKX-ICE Tokenized Stock Plans

October 28, 2026, 3:05 PM UTC (2 hours ago) · 1 source · Summarized by CryptoBipto

JPMorgan, Coca-Cola, and at least five other major companies have reportedly raised objections to plans by OKX and ICE (Intercontinental Exchange) to offer tokenized versions of their stocks. The objections highlight growing tension between traditional corporations and crypto platforms seeking to tokenize real-world assets.

WHY IT MATTERS

Tokenized stocks are like digital copies of traditional company shares that live on a blockchain — the same type of technology that powers cryptocurrencies. Think of it like turning a paper concert ticket into a digital one: the underlying asset is the same, but the format changes how it can be stored and transferred. Some crypto platforms want to offer these tokenized stocks so people can trade them 24/7, unlike regular stock markets that close at night and on weekends. However, the companies whose stocks would be tokenized are pushing back. This matters because it shows that even when major financial institutions like ICE support crypto innovation, the companies being affected can object, potentially creating legal and regulatory hurdles that slow down the merging of traditional finance and crypto.

OKX, a major cryptocurrency exchange, and ICE, the parent company of the New York Stock Exchange, have been developing plans to offer tokenized versions of publicly traded stocks.

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