OKXICE files for round-the-clock tokenized trading in U.S. stocks
OKXICE, a joint venture between OKX and the NYSE parent company, has notified the SEC of plans to launch a regulated venue for tokenized U.S. stock trading. This move aims to bring tokenized assets into a regulated framework, allowing for 24/7 trading with standard shareholder rights.
Why it matters
This represents a significant step in the institutional adoption of blockchain technology for traditional financial markets, potentially bridging the gap between crypto and mainstream stock trading.
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. Former New York Gov. Andrew Cuomo, the venture's co-chair, announced the move on X .
The venue will start with more than 60 companies listed on U.S. stock exchanges.
Tokenized stocks are digital versions of regular shares that live on a blockchain. That means they can trade outside normal market hours and settle faster than traditional stocks.
The plan builds on a new SEC rule. 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. The exemption is temporary and runs for five years.
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