OKX · SEC · New York · CoinDesk
Joint venture of OKX and NYSE parent ICE files for 24/7 tokenized U.S. stock trading
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Wall Street took a step toward trading stocks around the clock.
Key facts
- Tokenized stocks are now worth about $3.2 billion, up 15% in the past month, according to RWA.xyz
- OKX and ICE formed the 50-50 joint venture in June to build infrastructure for tokenized financial products
- On Sept. 17, the agency issued an “Innovation Exemption” that lets qualifying venues trade tokenized U.S. stocks using automated market makers and liquidity pools
- OKXICE, a joint venture between crypto exchange OKX and NYSE parent Intercontinental Exchange (ICE), has notified the U.S. Securities and Exchange Commission (SEC) that it plans to launch a tokenized
Summary
OKXICE, a joint venture between crypto exchange OKX and New York Stock Exchange parent Intercontinental Exchange, has notified the Securities and Exchange Commission of plans for a tokenized stock trading venue. The venue would initially offer blockchain-based shares of more than 60 U.S.-listed companies, enabling round-the-clock trading and faster settlement while preserving dividend and voting rights. The plan relies on a new five-year SEC exemption, and its launch remains subject to regulatory steps, including a 30-day period for companies to object to the tokenization of their shares. OKXICE, a joint venture between crypto exchange OKX and NYSE parent Intercontinental Exchange (ICE), has notified the U.S. Securities and Exchange Commission (SEC) that it plans to launch a tokenized stock trading venue. The venue will start with more than 60 companies listed on U.S. stock exchanges.