OKXICE moves ahead with tokenized stocks as blue chips push back
Summary
OKX and ICE plan to launch OKXICE tokenized stock trading on Nov. 23 under the SEC’s temporary Innovation Exemption, offering eligible US customers 24/7 access to more than 70 assets, including ETFs and shares of Coinbase, Circle and Robinhood. The launch proceeds despite 67 companies objecting to their shares being listed and Nasdaq warning that separate trading venues could fragment liquidity. The IMF has found tokenized stocks more volatile than their traditional counterparts and warned that weaker safeguards and closer market links could heighten liquidity and contagion risks. OKXICE co-chair Andrew Cuomo says token holders will retain the rights and protections of underlying shares.
