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Magyar28 Oct 2026
Solana co-founder Anatoly Yakovenko says US companies that oppose trading of their tokenized shares "should go private then." His comment lands as the list of companies objecting to the OKXICE tokenized stock plan grew to 33, now including Coca-Cola, JPMorgan Chase and Dell.
Altcoins TradeReviewed News Desk
Solana co-founder Anatoly Yakovenko has a blunt answer for listed US companies that do not want their shares traded as tokens. Companies opposing tokenized stock trading “should go private then,” he said, according to a post shared by Watcher.Guru on Wednesday.
The remark is a reaction to a growing pushback against OKXICE, the tokenized stock venture tied to OKX and Intercontinental Exchange (ICE), the parent of the New York Stock Exchange.
33 companies now object to the OKXICE plan
According to DiarioBitcoin, a public notice updated on October 27 added seven new objectors: Coca-Cola, JPMorgan Chase, Dell, AMD, Adobe, Applied Materials and Sandisk. That brings the total to 33 companies, more than half of the 63 whose shares were originally selected. The previous notice listed 26 objections, including Microsoft, Alphabet, Goldman Sachs, Intel, Oracle, IBM and McDonald’s.
The notice does not explain why each company objected. JPMorgan stands out because the bank is itself active in blockchain payments and tokenized deposits, so its objection concerns its own listed shares on this platform, not tokenization as a whole.
How the OKXICE model would work
The plan relies on conditional, temporary exemptions the SEC issued in September 2026 for certain tokenized securities platforms. Each token would be backed one to one by real shares held through registered broker intermediaries, with trading 24/7 through permissioned Uniswap v4 liquidity pools on X Layer, OKX’s blockchain, and settlement in stablecoins. Token holders would get shareholder-linked rights such as dividends and voting, although that does not make them direct shareholders.
Why Yakovenko’s comment matters
Yakovenko’s argument is that once a company lists publicly, it should not be able to choose which venues or formats its stock trades in. Issuers clearly see it differently, and their objections are now a real hurdle for the SEC exemption route. We covered the earlier wave in OKXICE tokenized stocks: 26 companies object, and Coinbase CEO Brian Armstrong’s view in all asset classes moving onchain.
What it means for traders
If more than half of the original list is out, the first OKXICE launch could offer far fewer big names than planned, which limits early liquidity in tokenized US equities. Watch for the SEC’s response and whether other venues face the same issuer resistance. If you want exposure to crypto markets now, compare fees and features in our crypto exchange comparison: BingX ranks first and OKX second. See how we test exchanges.
For information only, not financial advice. Sources: Watcher.Guru, DiarioBitcoin.
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Sources
- Watcher.Guru: Solana co-founder Anatoly Yakovenko says US companies opposing tokenized stock trading should go private
- DiarioBitcoin: Coca-Cola, JPMorgan y Dell se oponen a las acciones tokenizadas de OKXICE
News is for information only and is not financial advice. More crypto news
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