OKX and ICE Seek SEC Approval for 24/7 Tokenized Stock Trading
OKX, a prominent cryptocurrency exchange, has taken a significant step by filing a notification with the U.S. Securities and Exchange Commission (SEC) for a blockchain-based trading platform. This initiative is part of a joint venture with Intercontinental Exchange (ICE), the parent company of the NYSE. The platform, known as OKXICE LLC, aims to offer 24/7 trading of tokenized shares from 63 NYSE-listed companies, including tech giants like Nvidia, Apple, Microsoft, and Tesla.
The joint venture combines OKX’s digital-asset infrastructure with ICE’s traditional financial-market expertise. The proposed platform would provide tokenized shares with shareholder rights, allowing investors to receive direct cash dividends and vote on corporate matters. Each tokenized share would be paired against stablecoins like USDC, USDG, or USDT, using permissioned Uniswap v4 liquidity pools deployed on XLayer.
Before trading begins, each listed company will have 30 days to object or opt out of having its shares offered on the platform. The filing uses the SEC’s five-year “Innovation Exemption” framework, introduced on September 17, 2026. However, the proposed market will face limits, such as a cap of 75 eligible stocks and a trading volume limit of 0.25% of a stock’s previous month’s total trading volume.
Former New York Governor Andrew Cuomo described the move as “a major step forward for OKXICE” and highlighted its potential to create “a truly global, 24/7 Wall Street.” The platform still needs to navigate the regulatory process before tokenized U.S. stocks can officially start trading.