OKX-ICE Tokenized Stock Venue Sets Launch, Turning to Crypto Companies After Big Tech Opts Out
OKX and Intercontinental Exchange’s OKXICE venture plans to open a tokenized securities venue on Nov. 23 for eligible U.S. customers. More than 70 assets are expected at launch, including shares from Coinbase, Circle, Robinhood, Strategy, BitGo, Securitize and Better.com, plus 59 Direxion ETFs. Securitize will provide infrastructure, with tokens backed one-for-one by U.S. shares and representing associated shareholder rights. Trading will use Uniswap v4 liquidity pools on OKX’s X Layer, with customers holding assets in self-custodial wallets. Access requires identity verification and onboarding. The venue is operating under an SEC innovation exemption that lets companies object to third-party tokenized versions of their stock within 30 days.
