Microsoft · Nvidia · Apple · Tesla · OKX · New York · CoinDesk
More than 60 U.S. stocks including Nvidia and Tesla are headed onchain. Here’s how it works
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Nvidia, Tesla, Apple and Microsoft are among dozens of U.S. stocks that could soon be available to trade 24 hours a day, seven days a week on a new blockchain-based market from crypto exchange OKX and the owner of the New York Stock Exchange.
Key facts
- A regulatory filing from OKXICE, a joint venture between OKX and NYSE owner Intercontinental Exchange, listed more than 60 securities it plans to offer in tokenized form and explained how the new
- Nvidia, Tesla, Apple and Microsoft are among dozens of U.S. stocks that could soon be available to trade 24 hours a day, seven days a week on a new blockchain-based market from crypto exchange OKX
- But inclusion in the filing doesn’t guarantee that every stock will trade on the platform, as companies can object to having their shares included during a 30-day window
- Buying Nvidia tokens takes them out of the pool and adds digital dollars, pushing the price higher
Summary
OKX and NYSE owner ICE plan a 24/7 blockchain market for tokenized U.S. stocks including Nvidia, Tesla and Apple. Each stock token would be backed one-for-one by an underlying share, with investors trading against blockchain-based liquidity pools using stablecoins. The platform could test demand for round-the-clock U.S. stock trading, though corporate objections, liquidity concerns and temporary regulatory relief may limit adoption. A regulatory filing from OKXICE, a joint venture between OKX and NYSE owner Intercontinental Exchange, listed more than 60 securities it plans to offer in tokenized form and explained how the new market would work.