According to BeInCrypto, JPMorgan, Coca-Cola, and 31 other companies used a newly available SEC tool to block tokenized versions of their stocks on the trading venues operated by OKX and the Intercontinental Exchange (ICE). The action occurred through use of the regulatory body’s formal veto mechanism, which these firms applied specifically to prevent listings or transfers of share equivalents in tokenized form on those platforms.
The SEC recently introduced the veto option as part of updated guidance allowing issuer companies to deny participation in tokenized stock offerings when such tokens are traded on designated exchange venues. Companies that exercised this choice included JPMorgan and Coca-Cola among others; the total number of firms using the measure was reported as 33, per the source.
Apple and Tesla did not adopt the SEC veto in the timeframe covered by the report, remaining silent on the matter. No further action or public statement from these two companies is mentioned in the provided details.
