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The number of publicly listed companies protesting the inclusion of the tokenized version of their stocks on the <a href="https://www.thestreet.com/crypto/markets/microsoft-google-parent-and-mcdonalds-protest-new-trading-plan-" rel="noopener noreferrer nofollow">OKXICE</a> TSV has risen to 33 as per the&nbsp;Oct. 27 <a href="https://www.okx.com/cdn/assets/okfe/web3-activities/okxicetsv/notices/OKXICE_Tokenized_Securities_Venue_Public_Notice_26.10.27.pdf" rel="noopener noreferrer nofollow">public notice</a>.
OKXICE TSV is a proposed tokenized stock trading platform created by OKXICE, a 50-50 joint venture between the New York Stock Exchange parent Intercontinental Exchange&nbsp;(NYSE: ICE)&nbsp;and the crypto exchange <a href="https://www.thestreet.com/crypto/policy/former-new-york-governor-makes-urgent-plea-to-u-s-congress" rel="noopener noreferrer nofollow">OKX</a>.
<figure>
 <figcaption>
 What are tokenized stocks? Why do they matter? (12:22)
 </figcaption>
</figure>
Tokenization is the process of using blockchain technology to turn real‑world assets (RWAs) such as stocks, real estate, government bonds, etc. into digital tokens which can be traded fractionally, 24/7.
While these tokens&nbsp;offer&nbsp;traders from outside the U.S. indirect exposure to the U.S. stock market, they&nbsp;don't offer shareholder rights such as ownership, voting, etc., like original stocks do.
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The&nbsp;Securities and Exchange Commission's (SEC)&nbsp;<a href="https://www.sec.gov/newsroom/press-releases/2026-90-sec-issues-innovation-exemption-facilitate-trading-tokenized-nms-stock-request-comment" rel="noopener noreferrer nofollow">innovation exemption</a> published last month&nbsp;lets platforms like OKXICE offer tokenized U.S. stocks without registering as exchanges. But several leading American companies have objected to the plan.
These companies span across industries such as technology, finance, and&nbsp;food and beverage and&nbsp;have market capitalization worth billions of dollars:
<ul>
 <li>Microsoft (Nasdaq: MSFT): $3.9 trillion</li>
 <li>Alphabet (Nasdaq: GOOGL): $3.9 trillion</li>
 <li>Advanced Micro Devices (Nasdaq: AMD): $917 billion</li>
 <li>JPMorgan Chase (NYSE: JPM): $897 billion</li>
 <li>Intel (Nasdaq: INTC): $494 billion</li>
 <li>Cisco Systems (Nasdaq: CSCO): $435 billion</li>
 <li>Oracle (NYSE: ORCL): $396 billion</li>
 <li>The Coca-Cola Company (NYSE: KO): $395 billion</li>
 <li>UnitedHealth Group (Nasdaq: UNH): $371 billion</li>
 <li>Caterpillar (NYSE: CAT): $326 billion</li>
 <li>Applied Materials (Nasdaq: AMAT): $323 billion</li>
 <li>Dell Technologies (NYSE: DELL): $314 billion</li>
 <li>Goldman Sachs (NYSE: GS): $268 billion</li>
 <li>Wells Fargo &amp; Company (NYSE: WFC): $251 billion</li>
 <li>Arm Holdings (Nasdaq: ARM): $248 billion</li>
 <li>IBM (NYSE: IBM): $237 billion</li>
 <li>Marvell Technology (Nasdaq: MRVL): $222 billion</li>
 <li>SanDisk (Nasdaq: SNDK): $196 billion</li>
 <li>QUALCOMM (Nasdaq: QCOM): $195 billion</li>
 <li>Verizon Communications (NYSE: VZ): $180 billion</li>
 <li>McDonald's (NYSE: MCD): $177 billion</li>
 <li>Western Digital (Nasdaq: WDC): $145 billion</li>
 <li>Adobe (Nasdaq: ADBE): $97 billion</li>
 <li>Intuit (Nasdaq: INTU): $88 billion</li>
 <li>Moderna (Nasdaq: MRNA): $86 billion</li>
 <li>AppLovin (Nasdaq: APP): $86 billion</li>
 <li>Rocket Lab (Nasdaq: RKLB): $36 billion</li>
 <li>CoreWeave (Nasdaq: CRWV): $33 billion</li>
 <li>Cerebras Systems (Nasdaq: CBRS): $27 billion</li>
 <li>IonQ (NYSE: IONQ): $13 billion</li>
 <li>Applied Digital (Nasdaq: APLD): $6 billion</li>
 <li>Applied Optoelectronics (Nasdaq: AAOI): $6 billion</li>
 <li>Broadcom (Nasdaq: AVGO): $1.6 billion</li>
</ul>
The combined market cap of all the companies objecting to the OKXICE tokenized stock plan exceeds $17 trillion at the time of writing.
62 companies were initially named in&nbsp;OKXICE's tokenized stock plan, but more than half of them have objected to it so far.
<h2 id="the-roundtable-100">The Roundtable 100</h2>
If you follow our market coverage, don’t miss the <a href="https://roundtable100.com/tab/rankings" rel="noopener noreferrer nofollow">Roundtable 100</a>. Updated every Friday, it's a power ranking of the 100 most investable tech stocks, including digital assets. Check out the latest <a href="https://roundtable100.com/" rel="noopener noreferrer nofollow">RTB 100</a> rankings at <a rel="noopener noreferrer nofollow">roundtable100.com</a>.
<a href="https://www.thestreet.com/crypto/markets/roundtable-100-analysts-boost-blocks-ranking-ahead-of-q3-earnings" rel="noopener noreferrer nofollow">Related: Roundtable 100 analysts boost Block's ranking ahead of Q3 earnings</a>

Wall Street giants worth $17 trillion reject new trading plan

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