OKX, ICE file for 24/7 tokenized U.S. stock venue

OKXICE, the 50-50 joint venture between OKX and Intercontinental Exchange (ICE), has notified the SEC of plans for a tokenized stock trading venue, according to CoinDesk’s report on the filing. The proposed venue would initially offer blockchain-based shares of more than 60 U.S.-listed companies.

The filing follows a new five-year SEC exemption issued Sept. 17. That exemption allows qualifying venues to trade tokenized U.S. stocks through automated market makers and liquidity pools, providing the regulatory basis for OKXICE’s proposed structure.

The operational plan is specific: the platform would run 24 hours a day, seven days a week, or 168 hours per week, using permissioned Uniswap v4 liquidity pools deployed on XLayer, according to Cointelegraph’s report. Each tokenized stock would be paired with USDC, Global Dollar (USDG), or USDt (USDT).

A public notice dated Oct. 4 lists 63 proposed stock symbols. The names include Nvidia, Apple, Microsoft, Tesla, Strategy, Coinbase, Circle and Bitgo.

The proposed tokens would carry the same rights as regular shares, including dividends and voting. That gives the structure a direct connection to the underlying equity rather than defining the tokens solely as trading instruments. The plan also aims to move U.S. stock trading onto an always-on blockchain venue while retaining those conventional shareholder rights.

There is a regulatory clock before launch. Companies have 30 days to object to the tokenization of their shares, and the venue remains subject to additional regulatory steps. The exact launch date and the full process after the objection window were not provided in the fact sheet.

That deadline matters for the 63 proposed issuers and for traders who would otherwise gain access to the listed tokens. An objection could affect whether an individual symbol appears at launch; until the 30-day period and other regulatory steps are complete, the proposed list is not a live market.

OKX and ICE formed OKXICE in June to build infrastructure for tokenized financial products. The SEC exemption followed in September, and the SEC notification arrived Oct. 5. Tokenized stocks are now worth about $3.2 billion, up 15% over the past month, according to RWA.xyz.

Andrew Cuomo, OKXICE’s co-chair, described the project as part of the next phase of finance, saying, “The digital asset revolution is already transforming our financial system. Tokenized securities are part of what comes next.” For positions, the immediate event is the filing; the next concrete checkpoint is the 30-day issuer objection period.