OKX-ICE joint venture files to offer 24/7 tokenized US stock trading
OKXICE, formed by OKX and NYSE parent ICE, has filed to launch round-the-clock tokenized U.S. equities under the SEC's new innovation exemption.
OKXICE, the joint venture between crypto exchange OKX and Intercontinental Exchange, the parent company of the New York Stock Exchange, has filed to offer tokenized U.S. stocks with round-the-clock trading, according to CoinDesk.
The venture plans to launch the product under the SEC's new innovation exemption, a regulatory pathway the source describes as the basis for the offering.
What the filing covers
- The venture is a tie-up between crypto exchange OKX and ICE, which owns the New York Stock Exchange.
- It has filed to support trading of tokenized U.S. equities.
- Trading is planned on a 24/7 basis rather than only during regular U.S. market hours.
- The launch is intended to proceed under the SEC's new innovation exemption.
Tokenized equities have become a focus for exchanges looking to bridge traditional listings and blockchain-based settlement, though U.S. regulators continue to work through how existing securities rules apply to such products. Details of the filing beyond the planned structure, including timing and scope, were not specified in the source.