This is false
Read the full JPM quote: they're encouraged by tokenization, careful about representation, & open to opportunities as the market develops. That’s a “not yet” on just 1 novel venue.
Wall Street is REJECTING Tokenization?
JPMorgan, AMD, Coca-Cola, Dell and 29 other companies have now blocked tokenized versions of their shares on OKXICE.
But the key here is the '30-day objection window.'
Under the SEC’s framework:
A platform planning to offer a third party’s tokenized version of a company’s stock must notify the company, giving it 30 days to object.
If the company says no, the listing is blocked on that platform.
If it stays silent, trading can proceed once the other requirements are met, even WITHOUT the company actively endorsing the tokens.
So a company still assessing the risks has a reason to object first.
Those risks include potential effects on share prices, liquidity and shareholder rights.
That’s why these objections don’t automatically mean “we’re against tokenization.” They could mean “we’re not comfortable with someone else doing this with our shares.”
JPMorgan illustrates the distinction as it’s building its own tokenization business while opposing this third-party version of its shares.