OKXICE files for 24/7 tokenized trading in 60 U.S. stocks
OKXICE, a 50-50 venture between crypto exchange OKX and NYSE parent ICE, has notified the SEC of plans for a U.S. venue trading tokenized stocks, initially covering more than 60 listed companies. The proposal relies on a temporary five-year SEC Innovation Exemption permitting qualifying venues to trade tokenized shares through automated market makers and liquidity pools. Tokenized shares must retain regular stock rights, including dividends and voting, and companies have 30 days to object. The launch timeline remains uncertain pending that period and further regulatory steps. The move could bring stock tokenization onshore; existing OKX tokenized stock offerings are offshore and unavailable to U.S. investors. The market is valued at about $3.2 billion, up 15% in the past month, according to RWA.xyz.
