OKX and NYSE Parent File Plans for 24/7 Tokenized US Stock Trading Venue
A joint venture between OKX and Intercontinental Exchange has filed with the SEC to launch a tokenized securities platform offering 60+ major US stocks around the clock.
Blue-Chip Equities Move to Blockchain
The fusion of traditional finance and digital assets took another significant step forward. OKX, one of the world’s largest cryptocurrency exchanges, has partnered with Intercontinental Exchange Inc.—the parent company of the New York Stock Exchange—to file with the Securities and Exchange Commission for a new tokenized securities venue. Operating through their jointly-formed venture OKXICE LLC, the platform seeks to bring blockchain-based versions of shares from over 60 publicly traded US companies into the digital asset ecosystem.
The filing, submitted on October 4, identified 63 stock symbols proposed for tokenization. The list spans household names in technology such as Nvidia, Apple, and Microsoft, established industrial players like Tesla, and notably includes blockchain-native companies including Coinbase, Circle, and Bitgo. This diverse roster signals that regulators and major financial infrastructure operators now view tokenized equities as a legitimate addition to capital markets.
Perpetual Trading on the Blockchain
OKXICE is designed to operate continuously—24 hours daily, seven days weekly—a structural advantage unavailable to traditional exchanges bound by fixed market hours. The platform will deploy permissioned liquidity pools based on Uniswap v4 technology running on the XLayer blockchain network. Tokenized shares will trade against leading stablecoins, including USDC, Tether’s USDT, and Global Dollar (USDG), creating straightforward pathways between digital equities and dollar-denominated digital assets.
Andrew Cuomo, serving as co-chair of OKXICE, characterized this development as a turning point. He emphasized that the tokenization of securities represents a natural evolution in how digital innovation is fundamentally reshaping financial infrastructure and market operations.
Regulatory Framework Emerges
The timing reflects shifting regulatory climate. In September, the SEC introduced a temporary innovation exemption permitting controlled trading of tokenized US equities on approved blockchain venues. The exemption framework permits tokenized securities venues to facilitate permissioned trading of National Market System stocks via automated market makers and liquidity pools—exactly the infrastructure OKXICE is constructing. The OKX and Intercontinental Exchange partnership, formalized as an equal joint venture in June, moved from partnership to regulatory filing remarkably quickly, demonstrating institutional confidence that this regulatory pathway will persist.
The development underscores how major financial institutions are now positioning themselves as builders in the tokenized securities space rather than observers. As blockchain infrastructure matures and regulatory frameworks crystallize, the boundary separating crypto markets from traditional finance continues to dissolve.
Source: SEC, via Cointelegraph. Not financial advice.