OKX Seeks SEC Approval for Tokenized Stock Trading Platform

OKX has taken a significant step toward expanding its services by applying to the U.S. Securities and Exchange Commission (SEC) to launch a tokenized stock trading platform. The application was submitted by OKXICE, a joint venture between the crypto exchange OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. Former New York Governor Andrew Cuomo, who serves as co-chair of the venture, announced the move on X (formerly Twitter).

The platform aims to be one of the first major cryptocurrency exchanges to offer tokenized stock trading under new U.S. regulations. The service will initially support 63 NYSE-listed companies, provided these firms do not opt out within a 30-day window. Once this period ends, tokenized stock trading can begin, pending the fulfillment of other regulatory requirements.

Under the SEC’s temporary exemption framework, the digital assets representing these stocks must include full shareholder rights, such as dividends and voting privileges. The launch timeline for OKXICE’s platform hinges on the conclusion of the opt-out period and the completion of additional regulatory steps.

This development comes as the SEC has recently opened the door for blockchain-based securities trading in the U.S., marking a potential shift in the integration of traditional and digital asset markets.