IBM, Oracle, Intel join 26 firms blocking OKXICE tokenized stocks

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Why did 26 major U.S. listed companies, including IBM and Oracle, oppose the tokenization of stocks?

What immediate impact did the objections from these 26 companies have on the blockchain-based securities market?

How might the U.S. blockchain securities market change after this mass objection by listed companies?

IBM, Oracle, Intel join 26 firms blocking OKXICE tokenized stocks — Image source: Unblock Media

IBM, Oracle, Intel, and IonQ file objections with SEC, joining 22 issuers to prevent OKXICE from tokenizing their shares.
SEC’s innovation exemption lets companies veto third-party tokenized equity; industry urges policy review.

On October 27, 2026 (UTC), crypto.news reported that IBM, Oracle, Intel, and IonQ submitted formal objections to the U.S. Securities and Exchange Commission (SEC), blocking the OKXICE joint venture from offering tokenized versions of their publicly traded shares. These companies join 22 major issuers—including Microsoft, Alphabet, Wells Fargo, Arm Holdings, Intuit, Goldman Sachs, Qualcomm, Cisco Systems, Broadcom, and CoreWeave—bringing the total number of objecting firms to 26.

These issuers exercised rights under the SEC’s innovation exemption order, in effect since September 17, 2026. The exemption allows eligible trading venues to list tokenized representations of most NYSE- and Nasdaq-listed stocks, but provides every public company a 30-day window to object in writing. Once a company objects, no third-party venue can tokenize its shares under this framework, although companies can still pursue their own tokenized equity programs directly.

Market value for on-chain tokenized equities now exceeds $4.4 billion across 36 issuers, according to crypto.news. This rapid expansion highlights tension between public companies and third-party blockchain tokenization efforts. The recent opt-outs by IBM, Oracle, Intel, and IonQ underscore that issuer concerns now span several sectors.

Industry groups, including the Securities Industry and Financial Markets Association, continue to urge the SEC to refine the objection process. The SEC’s framework, active until at least September 2031 according to TokenPost, allows trading venues to list up to 75 Tier 1 and 250 Tier 2 stock symbols with limits on trading volume, while giving issuers the explicit authority to veto third-party tokenization.

The SEC and industry participants continue to review the issuer objection process. Current rules preserve company control over third-party listings while supporting issuer-driven tokenized equity projects. The ongoing debate reflects an evolving regulatory environment and questions about issuer consent in tokenized securities.

Despite major opt-outs and ongoing scrutiny, data from crypto.news and Cryptopolitan indicate the tokenized equity market stands at $4.4 billion. The SEC’s current order maintains issuer veto power through 2031, as stakeholders push for further policy development.