OKX and NYSE Owner ICE Plan 24/7 Tokenized Stock Trading Under SEC Exemption
Summary
OKXICE, a 50-50 venture between OKX and ICE, notified the SEC that it plans to launch a 24/7 venue for tokenized U.S. stocks under the agency’s Innovation Exemption. The proposed tokens would trade in permissioned Uniswap v4 pools on XLayer against USDC, USDG or USDT; identity and compliance checks would restrict access. An unnamed third-party tokenizer would hold underlying shares one-for-one, with token holders entitled to dividends and voting rights. Prices may diverge from shares, especially outside market hours. Issuers can object within 30 days, and Cerebras has filed an objection, though it is not listed among the proposed stocks. The SEC does not approve venues individually, and the notice gives no launch date.
