OKX and ICE File for 24/7 Tokenized US Stock Trading
OKXICE plans round-the-clock trading in more than 60 US stocks on X Layer, using the SEC’s conditional exemption for tokenized securities venues.
Key Notes
- OKXICE plans 24/7 tokenized trading in more than 60 US stocks through its joint venture with NYSE owner ICE.
- The venue will use X Layer liquidity pools and tokens designed to preserve dividends and voting rights.
- Launch remains subject to notice periods and issuer objections, with no confirmed date for trading to begin.
OKXICE, the joint venture between crypto exchange OKX and New York Stock Exchange owner Intercontinental Exchange, has notified the US Securities and Exchange Commission that it intends to launch round-the-clock trading in tokenized US stocks. The planned venue will initially cover more than 60 companies under the SEC’s new Innovation Exemption.
Former New York governor Andrew Cuomo, the venture’s co-chair, announced the move on October 5. The company’s public notice, dated October 4, describes a 50–50 venture and a platform intended for retail and institutional investors. Trading has not been announced as live.
Our notice includes more than 60 companies listed on U.S. stock exchanges.
— Andrew Cuomo (@andrewcuomo) October 5, 2026
Stock Trading Through X Layer Liquidity Pools
The proposed venue will use Uniswap v4 liquidity pools on X Layer rather than a conventional order book. Stock tokens will trade against USDC, USDG or USDT. Its intended operating schedule is 24 hours a day, seven days a week.
Access will be permissioned: investors must pass identity and sanctions checks, connect a self-custodial wallet and open an account with the tokenization provider. OKXICE says it will not hold users’ assets or extend credit.
The initial list includes Nvidia, Apple, Microsoft, Tesla, Amazon, JPMorgan Chase, Coinbase and Robinhood. Inclusion in the notice describes the planned selection, rather than confirming that each stock is already available.
Shareholder Rights and an Issuer Objection Period
The SEC introduced the exemption on September 17. It allows qualifying Tokenized Securities Venues to operate permissioned markets without registering as exchanges, subject to conditions. The relief runs for five years and limits both the number of stock symbols and trading volumes.
Under the SEC’s order, eligible tokens must preserve the rights of the equivalent underlying shares, including dividends and voting. For stocks tokenized by an unaffiliated third party, issuers have at least 30 calendar days after receiving notice to object before trading can begin.
OKXICE’s disclosed model uses underlying shares held one-for-one through a registered broker-dealer, with each token representing a security entitlement to one share. The notice also records an objection from Cerebras Systems, illustrating that issuer participation cannot be assumed.
The distinction matters alongside other stock-token products. CoinScreamer recently covered Robinhood’s planned token expansion, whose current product disclosures describe economic exposure without legal or beneficial ownership of the underlying shares. The SEC exemption sets a different eligibility standard for the tokens traded on these venues.
A Notification Does Not Mean SEC Endorsement
The exemption requires a venue to publish its operating notice at least 30 calendar days before it starts. That requirement is separate from the issuer notice period, so the October 4 document should not be read as an immediate trading launch.
OKXICE’s notice expressly says the venue is not SEC-registered for activities under the exemption and that the agency has not passed on the merits or accuracy of its disclosures. Using the exemption remains subject to SEC oversight.
Round-the-clock availability also comes with trading limits. The SEC requires venues to stop trading a tokenized stock when its underlying shares are halted on the primary listing exchange. A longer operating schedule does not remove those investor protections.
The plan follows ICE’s March investment in OKX, which valued the crypto exchange at $25 billion. That agreement combined ICE’s market infrastructure with OKX’s distribution and contemplated access to NYSE tokenized equities, subject to regulatory approval.
The latest notice moves that collaboration toward a specific US stock-trading venue. The launch date and final available stock list remain open, with notice periods, issuer objections and continuing compliance determining which parts of the plan can reach investors.
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