OKXICE Joint Venture Targets Tokenized Securities Venue Under Innovation Exemption

OKXICE Joint Venture Targets Tokenized Securities Venue Under Innovation Exemption
Table of Contents

TL;DR

  • OKX and Intercontinental Exchange notified the SEC of their intention to launch a tokenized securities platform under the innovation exemption.
  • The OKXICE joint venture plans to offer on-chain trading of more than 60 U.S.-listed companies, including Nvidia, Apple, Microsoft, and SpaceX.
  • The SEC issued an exemption last month allowing certain venues to operate tokenized securities for five years without registering as exchanges.

OKX and Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, notified the U.S. Securities and Exchange Commission (SEC) of their intention to launch a tokenized securities trading platform under the innovation exemption framework. The joint venture was named OKXICE.

According to the notice published by the exchange, the new platform is designed to offer on-chain trading with permissions for tokenized U.S. stocks on X Layer. The venue projects coverage of more than 60 companies listed in the U.S., and issuers will have 30 days to opt out.

OKX and ICE Aim to Create a Global, Always-On Wall Street

The initiative responds to measures taken by the SEC, which weeks ago issued a five-year exemption enabling certain platforms to operate tokenized versions of U.S. stocks without needing to register as traditional stock exchanges. The asset catalog they plan to offer includes securities from Nvidia, Apple, Microsoft, Amazon, Tesla, JPMorgan Chase, Walmart, Netflix, Goldman Sachs, Boeing, Coinbase, Robinhood, Palantir, AMD, Circle, Reddit, and SpaceX, among others.

Wall street okx ice

Andrew Cuomo, co-chair of the joint venture and former Governor of New York, stated that the launch is “a historic step toward a truly global, 24-hour Wall Street.” Cuomo added that “the digital asset revolution is already transforming our financial system” and that tokenized securities are part of what comes next.

For his part, Star Xu, founder and CEO of OKX, argued that tokenization could make public markets “more open, fluid, and always available.” Xu emphasized that “the future of markets is real, on-chain ownership,” and highlighted that full shareholder rights are what makes that model possible.

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