OKX Files with SEC to Launch Tokenized Stock Platform, Bitcoin Surges

OKX, a major cryptocurrency exchange, has filed with the SEC to launch a tokenized US stock trading platform, a joint venture with Intercontinental Exchange, the parent company of the New York Stock Exchange. This move makes OKX one of the first mainstream exchanges to use the SEC's innovation exemption. The platform will initially list tokenized versions of 63 NYSE-listed companies, with issuers given a 30-day opt-out window. Tokenized securities on this platform must carry full shareholder rights, including dividends and voting.

Bitcoin has seen a 3.4% increase over the past week, reaching a price of $86,436.31. The global crypto market cap has risen 0.8% to $3.01 trillion over the past 24 hours. Ethereum, BNB, XRP, and Solana have also seen increases, with Ethereum up 1.4% in 24 hours and BNB up 2.2%.

Michael Saylor, the CEO of Strategy, has hinted at new Bitcoin buys, with Strategy's holdings topping $72 billion. Saylor has also stated that AI agents will increasingly transact using native digital assets like Bitcoin, due to the friction caused by traditional financial rails.