OKX and NYSE Parent Plan Tokenized Stock Trading Platform

OKX and the New York Stock Exchange’s parent company, Intercontinental Exchange Inc., have taken a significant step toward launching a tokenized stock trading platform. Their joint venture, OKXICE LLC, has filed with the U.S. Securities and Exchange Commission (SEC) to create a tokenized securities venue (TSV) under the SEC’s new innovation exemption.

The platform will initially offer tokenized versions of over 60 companies listed on U.S. stock exchanges, according to OKXICE co-chair Andrew Cuomo. He described the move as a pivotal moment for digital finance, stating, "This is 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 Intercontinental Exchange formed the joint venture in June to develop infrastructure for tokenized financial products. In September, the SEC introduced a temporary exemption allowing limited trading of tokenized U.S. stocks on certain blockchain-based platforms. Under this exemption, TSVs can provide permissioned trading of tokenized National Market System (NMS) stocks through automated market makers and liquidity pools.