COINDESK · 2026-10-29 13:42 UTC

Walmart, Eli Lilly join growing pushback against OKX–ICE tokenized stock plans

Walmart, Eli Lilly, Carnival, Arcos Dorados, and Cigna have opted out of OKX-ICE's tokenized stock trading plans, bringing total objections to 38 of the original 62 companies. Companies are cautious about the SEC's innovation exemption framework for blockchain-based stock trading, with objecting costing nothing while silence allows trading to proceed. JPMorgan Chase also objected but said it may reconsider in the future; separately, Canton Strategic Holdings plans to launch issuer-sponsored tokenized shares on TSV LLC marketplace.

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