OKXICE Files to Launch 24/7 Tokenized U.S. Stock Trading

OKXICE, a 50‑50 joint venture between crypto exchange OKX and NYSE parent Intercontinental Exchange (ICE), has filed a notice with the U.S. Securities and Exchange Commission (SEC) to create a dedicated venue for trading tokenized U.S. stocks. The platform will initially list blockchain‑based shares of more than 60 U.S.-listed companies, allowing investors to trade outside normal market hours and settle transactions faster while preserving dividend and voting rights.

Tokenized Stock Venue

The venue will use automated market makers and liquidity pools under the SEC’s newly‑issued five‑year “Innovation Exemption.” Companies whose shares are tokenized have a 30‑day window to object to the process. Former New York Governor Andrew Cuomo, co‑chair of the venture, announced the filing on X.

SEC Innovation Exemption

On Sept. 17, the SEC introduced the Innovation Exemption, a temporary rule that permits qualified platforms to trade tokenized securities using decentralized mechanisms. The exemption runs for five years and requires tokenized shares to carry the same rights as their traditional counterparts, including dividends and voting.

Market Impact

OKX already lists more than 70 tokenized stock tickers offshore, but U.S. investors have been barred from buying them. According to data from RWA.xyz, the global market for tokenized stocks is valued at roughly $3.2 billion, up 15 % in the past month. By bringing the product onshore, OKXICE aims to integrate tokenized equities into the regulated U.S. financial system.

Key facts

• Joint venture: OKX + ICE (50‑50) formed in June
• Initial offering: >60 U.S. companies
• SEC exemption: five‑year Innovation Exemption
• 30‑day objection period for issuers
• Tokenized stock market size: ~$3.2 B (RWA.xyz)