OKX · SEC · Nvidia · The Block
OKX, NYSE parent ICE joint venture seeks to launch tokenized US stock trading venue
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OKXICE, the joint venture between OKX and NYSE parent Intercontinental Exchange, has notified the Securities and Exchange Commission that it intends to launch a tokenized securities trading venue under the innovation exemption.
Key facts
- This is a landmark step toward a truly global, 24/7 Wall Street, and toward keeping the future of digital finance anchored here in the United States," Andrew Cuomo, OKXICE's cochair and a former New
- OKXICE, the joint venture between OKX and NYSE parent Intercontinental Exchange, has notified the Securities and Exchange Commission that it intends to launch a tokenized securities trading venue
- Star Xu, founder and CEO of OKX, said tokenization could make public markets "more open, seamless and always available
- The stocks the platform plans to offer for trading include Nvidia, Apple, Microsoft, Amazon, Tesla, JPMorgan Chase, Walmart, Netflix, Coca-Cola, Goldman Sachs, Boeing, Cisco, IBM, Coinbase
Summary
In a notice dated Sunday, OKX said the new platform is designed to offer permissioned, on-chain trading of U.S. tokenized stocks on X layer. The new venue comes after the SEC last month issued a five-year exemption that lets certain venues trade tokenized versions of U.S.-listed stocks without registering as exchanges. The stocks the platform plans to offer for trading include Nvidia, Apple, Microsoft, Amazon, Tesla, JPMorgan Chase, Walmart, Netflix, Coca-Cola, Goldman Sachs, Boeing, Cisco, IBM, Coinbase, Robinhood, Palantir, AMD, Circle, Reddit, and SpaceX, among others. "This is a landmark step toward a truly global, 24/7 Wall Street, and toward keeping the future of digital finance anchored here in the United States," Andrew Cuomo, OKXICE's cochair and a former New York governor, said shared with The Block.