OKX and NYSE Parent File for Tokenized Stock Trading Platform

OKXICE LLC, a joint venture between cryptocurrency exchange OKX and Intercontinental Exchange Inc. (ICE), the parent company of the New York Stock Exchange, has filed with the U.S. Securities and Exchange Commission (SEC) to launch a tokenized stock trading platform. The venture aims to create a tokenized securities venue (TSV) under the SEC’s new innovation exemption, which allows limited trading of tokenized U.S. stocks on certain onchain platforms.

The platform will initially include more than 60 companies listed on U.S. stock exchanges, according to OKXICE co-chair Andrew Cuomo. He described the filing as a "landmark step toward a truly global, 24/7 Wall Street, and toward keeping the future of digital finance anchored here in the United States."

OKX and ICE formed a 50-50 joint venture in June to develop infrastructure for tokenized financial products. In September, the SEC issued a temporary exemption permitting tokenized U.S. stock trading on approved venues. Under this exemption, TSVs can offer permissioned trading of tokenized National Market System (NMS) stocks through automated market makers and liquidity pools.