OKX and ICE File SEC Notice for 24/7 Tokenized Stock Trading

OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, have filed a notice with the Securities and Exchange Commission (SEC) to launch a 24/7 trading platform for tokenized U.S. stocks. The joint venture, OKXICE LLC, submitted the filing on October 4, 2026, outlining plans for a permissioned, blockchain-based venue to trade tokenized shares of 63 companies, including Nvidia, Apple, Microsoft, and Tesla. The venture aims to operate around the clock, a stark contrast to traditional markets.

The filing comes after the SEC introduced a five-year Innovation Exemption on September 17, 2026, allowing qualifying venues to trade tokenized securities without registering as traditional exchanges. OKXICE’s notice is the first step under this exemption, but the SEC requires a 30-day notice period and allows issuers 30 days to object. Chipmaker Cerebras Systems has already filed an objection, indicating that the initial list of 63 companies may change before launch.

The platform will use permissioned Uniswap v4 liquidity pools on OKX’s X Layer blockchain, trading tokenized stocks against stablecoins like USDC, USDG, or USDT. While the venue is blockchain-based, access remains permissioned, ensuring compliance controls are in place. The venture is equally owned by OKX and ICE, with both companies aiming to bridge traditional and digital finance.

OKX and ICE have strategic motivations for this partnership. OKX seeks to offer crypto-native users regulated access to U.S. equities, while ICE aims to extend its NYSE-linked products to a 24/7 crypto-adjacent audience. Recent investments in OKX from Circle, Ripple, and Standard Chartered further highlight the exchange’s shift toward integrating traditional and onchain finance. However, the venture faces hurdles, including potential liquidity fragmentation and ensuring tokenized shares maintain the same economic and governance rights as ordinary shares.