OKXICE plans to introduce tokenized U.S. stocks following SEC's recent innovation exemption.
By Omkar Godbole, AI Boost
Updated Oct 5, 2026, 12:50 a.m. EDT
Published Oct 5, 2026, 12:45 a.m. EDT
2 min read
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OKX and ICE are moving forward with plans for tokenized U.S. stock trading. (OKX)Summary
- OKXICE, a collaboration between the crypto exchange OKX and the Intercontinental Exchange (ICE), has informed the Securities and Exchange Commission (SEC) about its intention to create a platform for trading tokenized stocks.
- The initiative will initially feature shares from over 60 companies listed on U.S. exchanges, allowing for continuous trading and expedited settlements while maintaining shareholder rights such as dividends and voting.
- This plan is built on a newly established five-year SEC exemption, with its implementation subject to regulatory procedures, including a 30-day window for companies to contest the tokenization of their shares.
In a significant move for Wall Street, OKXICE is set to facilitate round-the-clock stock trading.
OKXICE, the joint venture formed by the crypto exchange OKX and the parent company of the New York Stock Exchange, Intercontinental Exchange (ICE), has filed a notice with the SEC to establish a trading platform for tokenized stocks. The announcement was made by former New York Governor Andrew Cuomo, who serves as co-chair of the venture, via X.
The platform will focus initially on more than 60 companies that are listed on U.S. stock exchanges.
“Tokenization is gathering real momentum, and we’re beginning to see what happens when the infrastructure of traditional markets meets blockchain technology. OKX and ICE bring together deep expertise from both sides of that equation. The opportunity now is to build on this first step and show how 24/7, onchain markets can make trading and settlement more efficient, accessible and global,” Cuomo stated to CoinDesk.
Tokenized stocks are digital representations of traditional shares that operate on a blockchain, allowing for trading beyond regular market hours and faster settlement of transactions compared to conventional stocks.
This initiative builds upon a recent SEC rule introduced on September 17, which provides an "Innovation Exemption" that enables qualifying platforms to trade tokenized U.S. stocks using automated market makers and liquidity pools. This exemption is temporary and lasts for five years.
However, it comes with specific conditions. Tokenized shares must provide the same rights as physical stocks, including dividends and voting rights. Companies whose shares are to be tokenized will have a 30-day period to raise objections. OKX and ICE established the 50-50 joint venture in June to develop infrastructure for tokenized financial products.
The involvement of the NYSE's parent company highlights the trend of tokenization moving toward mainstream acceptance. While crypto exchanges have previously offered tokenized U.S. stocks, they were only available to customers outside the U.S.
Currently, OKX lists over 70 such tickers, but these are governed by offshore regulations, restricting U.S. investors from purchasing them. Nevertheless, the market for tokenized stocks has surged rapidly, now valued at approximately $3.2 billion, reflecting a 15% increase in just the past month, according to data from RWA.xyz.
OKXICE aims to bring this trading onshore to a regulated U.S. environment, ensuring that tokenized stocks carry the same rights as their traditional counterparts.
For investors, the primary concern now is the timeline for this initiative, which hinges on the 30-day objection period and other regulatory processes. Cuomo expressed optimism about the venture’s future, stating, “And we're just getting started.”