OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, are moving closer to launching a U.S. platform for 24/7 trading of tokenized stocks.
According to Bloomberg’s report, OKXICE LLC, a joint venture between OKX and ICE, filed with the U.S. Securities and Exchange Commission (SEC) on October 4 to launch a tokenized securities trading venue. The platform initially plans to offer tokenized shares of 63 NYSE-listed companies, subject to the SEC’s regulatory framework.
The proposed venue would allow eligible users to trade blockchain-based versions of U.S. stocks outside traditional market hours. However, the filing does not mean the platform can begin operating immediately. OKXICE must meet the applicable SEC requirements before commercial trading can start.
OKXICE Plans to Offer More Than 60 Tokenized Stocks
The proposed platform, known as a Tokenized Securities Venue (TSV), would initially cover more than 60 U.S.-listed companies.
The venture plans to offer tokenized versions of shares while maintaining the rights and economic interests associated with the underlying securities. Under the SEC’s new framework, qualifying tokenized stocks can provide investors with rights such as dividends and voting rights.
The initial filing covers 63 companies, although the specific list was not included in all publicly available reports about the filing.
| Detail | Current Information |
| Joint venture | OKXICE LLC |
| Partners | OKX and Intercontinental Exchange |
| Regulator | U.S. Securities and Exchange Commission |
| Proposed platform | Tokenized Securities Venue |
| Initial stocks | 63 NYSE-listed companies |
| Trading schedule | Around the clock |
| Blockchain approach | On-chain tokenized securities |
| Regulatory framework | SEC Innovation Exemption |
Table 1. Key details of the proposed OKXICE tokenized stock trading platform.
SEC Innovation Exemption Opens the Door to Tokenized Stocks
The filing follows the SEC’s introduction of an Innovation Exemption for certain blockchain-based securities trading.
The framework creates a regulatory path for eligible venues to offer tokenized versions of securities without going through the traditional exchange-registration process, subject to specific conditions.
The exemption allows qualifying venues to operate permissioned on-chain trading for eligible National Market System stocks. The framework also includes restrictions on the number of securities and trading volumes that can be handled through the exemption.
Companies whose shares are selected for third-party tokenization can also object before trading begins. Under the framework, issuers receive a 30-day period to raise objections to a proposed tokenized version of their shares.
This means OKXICE’s filing is an important step toward launch, but the proposed stocks still have to go through the applicable regulatory process.
OKX and ICE Combine Crypto and Traditional Market Infrastructure
OKXICE was created as part of a broader partnership between OKX and ICE.
ICE invested in OKX in March in a deal that valued the crypto exchange at approximately $25 billion. The companies later established their joint venture to develop infrastructure connecting traditional financial markets with digital assets.
OKX brings blockchain and digital-asset infrastructure to the partnership, while ICE contributes experience in traditional exchange and financial-market infrastructure.
The companies previously said the venture would explore regulated products connecting OKX’s digital-asset ecosystem with ICE’s financial markets. The latest SEC filing moves that strategy closer to an actual U.S. tokenized securities platform.
Tokenized Stocks Could Trade Around the Clock
Traditional U.S. stock markets operate during defined trading sessions, although extended-hours trading is already available through some brokers.
OKXICE’s proposed platform would take a different approach by allowing tokenized stocks to trade 24 hours a day, seven days a week.
The model is designed to use blockchain-based infrastructure for continuous trading and settlement. Former New York Governor Andrew Cuomo, who serves as co-chair of OKXICE, described the filing as a step toward a global 24/7 stock market.
The proposed schedule could make U.S. equities accessible during weekends and outside regular Wall Street trading hours, although the availability of individual stocks will still depend on the platform’s regulatory and issuer requirements.
The Platform Is Different From OKX’s Existing Tokenized Stocks
OKX already offers tokenized stocks in some markets outside the United States. However, the proposed U.S. platform would operate under a different regulatory structure.
The SEC framework requires qualifying tokenized securities to preserve the applicable rights and interests associated with the underlying stocks.
That distinction could be important for investors because tokenized products can differ in how they provide exposure to an underlying asset.
The U.S. platform is therefore intended to bring tokenized equities into a regulated market structure rather than simply expand OKX’s existing offshore offerings.
Tokenized Stock Competition Is Growing
OKXICE is entering a market that is attracting several major financial and crypto companies. The NYSE, Nasdaq, and other financial-market operators have been developing blockchain-based infrastructure as traditional exchanges explore tokenized securities and longer trading hours.
Other crypto platforms are also expanding their tokenized-stock products. The SEC’s Innovation Exemption is expected to increase competition among venues seeking to offer blockchain-based versions of U.S. equities.
The competition could eventually focus on liquidity, trading hours, available stocks, settlement speed, and the ability to provide investors with the same rights associated with traditional shares.
What Comes Next
OKXICE must continue through the SEC’s regulatory process before the proposed platform can begin commercial operations.
The 30-day issuer objection period will also apply to stocks tokenized by an unaffiliated third party. The venture will then need to satisfy the applicable conditions of the SEC’s Innovation Exemption.
If approved and launched, the platform could give eligible investors around-the-clock access to tokenized U.S. stocks while connecting OKX’s blockchain infrastructure with ICE’s traditional financial-market infrastructure.
What This Means for You: The OKXICE platform is not live yet. The SEC filing is a step toward launching 24/7 tokenized U.S. stock trading, initially covering 63 NYSE-listed companies. Any future access, available stocks, and trading conditions will depend on regulatory approval and the platform’s final launch requirements.
