More than 60 U.S. stocks including Nvidia and Tesla are headed onchain. Here’s how it works
A regulatory filing from OKXICE reveals plans to offer over 60 major U.S. stocks, including Nvidia and Tesla, as tokenized assets on a blockchain. Investors would purchase digital tokens backed one-for-one by actual shares, using stablecoins for transactions.
Why it matters
This represents a significant shift in financial market infrastructure, potentially allowing 24/7 trading and increased accessibility to traditional equities via blockchain technology.
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.
The list includes Nvidia NVDA $237.34 , Tesla TSLA $378.87 , Apple AAPL $333.66 , Microsoft MSFT $525.50 , Amazon AMZN $253.10 and Alphabet (GOOGL), as well as crypto-linked companies Coinbase COIN $185.46 , Circle CRCL $83.09 , Robinhood HOOD $113.01 , Strategy MSTR $160.88 and Securitize (SECZ). JPMorgan (JPM), Goldman Sachs (GS), Walmart (WMT), Netflix (NFLX), Reddit (RDDT) and Boeing (BA) are also among the names.
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. Cerebras, for example, objected to the inclusion of its stock, according to the filing.
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