OKXICE Files for 24/7 Tokenized U.S. Stock Platform — SkimNews
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- OKXICE notified the SEC of plans to launch a tokenized stock trading venue offering blockchain-based shares of more than 60 U.S.-listed companies, with 24/7 trading and faster settlement while preserving dividend and voting rights.
- The plan relies on the SEC's "Innovation Exemption" issued Sept. 17 — a temporary five-year rule allowing qualifying venues to trade tokenized U.S. stocks using automated market makers and liquidity pools.
- Companies whose shares are included get 30 days to object to tokenization, and the launch remains subject to additional regulatory steps beyond the exemption's framework.
- OKX and Intercontinental Exchange formed the 50-50 joint venture in June to build infrastructure for tokenized financial products, with former New York Gov. Andrew Cuomo serving as co-chair and announcing the move on X.
- The broader tokenized stock market is now worth approximately $3.2 billion, up 15% in the past month according to RWA.xyz, but OKX's existing 70+ tokenized stock tickers are issued under offshore rules and unavailable to U.S. investors.
Why it matters: This filing pulls tokenized stock trading out of the offshore crypto-exchange gray zone — where U.S. investors are currently locked out — and onto a regulated domestic venue backed by the NYSE's parent company. If the 30-day objection window and remaining regulatory steps clear, the 60+ tokenized stocks would carry full dividend and voting rights that today's offshore tokenized tickers lack.
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