Microsoft, Alphabet, Goldman opt out of tokenized stocks

Microsoft, Alphabet and Goldman Sachs join the issuers objecting to OKX-ICE tokenized stocks. Plus: JPMorgan's 10% bitcoin forecast and why diversified RWA stablecoins are the durable yield engine. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SPONSORED BY Tuesday, October 20, 2026 Microsoft, Alphabet and Goldman Sachs join objections to OKX-ICE tokenized stock trading Seven more issuers have opted out of being listed on OKX-ICE, the planned tokenized stock venue from OKX and NYSE parent Intercontinental Exchange. Microsoft, Alphabet and Goldman Sachs are on the list, alongside Qualcomm, Caterpillar, McDonald's and Western Digital, bringing the disclosed tally to 16 — up from nine in last week's notice. Under the SEC's new tokenized-stock framework, issuers can block venues from offering blockchain-based versions of their shares, and 15 of the 62 companies on OKX-ICE's original roster have now done so. The notice doesn't say why they objected or when they filed. Read more → A message from Chainlink Link:NYC is where global finance connects. Join banks, asset managers, and builders in New York on October 29 to explore the future of tokenized assets, agentic finance, payments, and more. Hear from the leaders shaping how capital markets move onchain, and connect with the institutions making it happen. Secure your spot today. Apply Now Markets JPMorgan sees 10% annual bitcoin returns, topping stocks, bonds and gold over next decade For the first time, JPMorgan Asset Management has put a range on bitcoin returns. Its 2027 Long-Term Capital Market Assumptions pencil in a 10% annualized base case over the next decade — ahead of U.S. large caps (7.5%), small caps (7.7%), bonds (5.6%–6.6%) and gold (5.5%). The bear case is a 9.7% annual loss; the bull case, a 17% annual gain. Don't mistake it for a conversion, though: the bank still calls bitcoin a speculative asset whose volatility and unstable correlations stand in the way of widespread portfolio use, and says it has no strategic role beyond a bet on fiat expansion or future asset trading on blockchains. 2-minute read → Research commissioned by RealFi Beyond the risk-free rate: diversified real world yield in productive stablecoins Productive stablecoins grew 610% over two years while non-yielding giants like USDT and USDC grew just 84% — yet productive supply is still under 3% of the total market. CoinDesk Research maps the four yield engines (funding-rate synthetic, DeFi wrappers, RWA-backed, and diversified multi-strategy RWA), shows why only the last sustains above-benchmark returns through the cycle, and models the TAM growing from $654M today to $4B in the base case over three years as the GENIUS Act pushes yield off-chain. Read the report → Know someone who should be reading this? Share this newsletter See all of CoinDesk’s newsletters    CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York,NY,10011,USA, Unsubscribe Manage Preferences   Copyright © 2026 CoinDesk, All rights reserved.