OKX and ICE Seek SEC Approval for Tokenized Stock Trading Platform

OKX and Intercontinental Exchange (ICE) have taken a significant step toward merging traditional stock trading with blockchain technology. Their joint venture, OKXICE LLC, has filed with the U.S. Securities and Exchange Commission (SEC) to launch a platform offering tokenized stocks of 63 NYSE-listed companies.

The digital shares will retain all traditional shareholder rights, including dividends and voting privileges. This move follows the SEC's recent temporary exemption framework, which allows blockchain-based securities to trade in the U.S. while preserving these rights.

Before the platform can launch, the 63 companies must be given 30 days to opt out. The final lineup will depend on their decisions, along with other regulatory requirements that must be met. If successful, this venture could bridge the gap between conventional stock markets and decentralized trading.