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OKX and NYSE Parent Team Up for Tokenized Stock Platform

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OKX, the cryptocurrency exchange, and Intercontinental Exchange, the parent company of the New York Stock Exchange, have filed with the US Securities and Exchange Commission to launch a tokenized stock trading platform.

The joint venture, OKXICE LLC, aims to create a tokenized securities venue (TSV) under the SEC's new innovation exemption.

The platform will include more than 60 companies listed on US stock exchanges, according to OKXICE co-chair Andrew Cuomo.

This is a significant step towards creating a global, 24/7 financial market, and a major development in the integration of traditional and digital finance.

The SEC issued a temporary exemption in September, allowing limited trading of tokenized US stocks on certain on-chain venues.

Under the innovation exemption, TSVs can offer permissioned trading of tokenized National Market System (NMS) stocks through automated market makers and liquidity pools.

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