Seven more public companies have objected to having third-party tokens of their shares traded on the planned OKXICE venue. JPMorgan Chase, AMD, Applied Materials, Coca-Cola, Adobe, Dell Technologies and Sandisk bring the objection count to 33, up from 26 in the prior Token Recon report. wsj.com
The venue initially listed 63 tickers representing 62 companies. More than half of those companies have now objected. The Securities and Exchange Commission’s temporary exemption allows an unaffiliated tokenized-securities venue to proceed only after giving each issuer notice and a 30-day opportunity to block the token.
The growing list is distinct from opposition to tokenization in general. Some objecting companies and exchanges support issuer-led or fully regulated token structures while rejecting unaffiliated venues that create blockchain representations of their stock. Nasdaq, for example, has opposed inclusion of its own shares in these venues while pursuing a separate issuer-focused model.
The OKXICE public-notice page remains the operational source for revisions. The SEC states that listing a venue in its registry does not mean staff have approved the accuracy or merits of its notice.
TOKEN RECON ASSESSMENT
At 33 objections, issuer consent is no longer a secondary launch risk. It is defining the available market. The decisive figure is the number of symbols left after every objection window closes, not the 63 tickers in the initial announcement. The update also exposes an emerging split within tokenization: regulated participants may support on-chain settlement while rejecting third-party issuance that they do not control.
Sources
Wall Street Journal, seven additional objections
SEC innovation-exemption registry
CoinDesk, tokenization opposition and issuer-model distinctions
