33 Wall Street Giants Block Tokenized Stocks, But Apple and Tesla Stay Silent

JPMorgan and Coca-Cola are among 33 companies blocking plans to trade tokenized versions of their stocks on OKXICE, a 24-hour market backed by crypto exchange OKX and New York Stock Exchange owner ICE. AMD, Adobe and Dell joined the objections Tuesday, according to the latest filing . Thirty companies on OKXICE’s original 62-company roster have now opted out. Apple, Nvidia, Tesla and Amazon are absent from the objection list. The Fight Started With AMC In September, AMC CEO Adam Aron accused Robinhood of offering tokens tracking AMC’s share price without permission. AMC stock rose roughly 15% that morning. “This quasi-fake market you are creating on the island of Jersey sows distrust amongst the public about financial markets in general,” Aron said.

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