OKX, NYSE Parent ICE Seek US Tokenized Stock Trading Platform, Starting With 63 Shares
RWA Signal Insight
StocksOKX and Intercontinental Exchange (ICE) have formed a joint venture, OKXICE LLC, to launch a platform for trading tokenized stocks in the United States. The venture has filed paperwork with the SEC to tokenize and trade shares of 63 companies currently listed on the New York Stock Exchange. This initiative leverages a new SEC “innovation exemption” that permits blockchain-based securities to trade under specific regulatory conditions, including a 30-day issuer objection period. By combining OKX’s blockchain infrastructure with ICE’s market technology, the platform aims to enable 24-hour global stock trading while maintaining standard shareholder rights like dividends and voting. This move represents a significant institutional push to modernize equity markets through smart contracts and liquidity pools. The development signals a shift in the US regulatory landscape, potentially intensifying competition among firms seeking to bridge traditional finance with distributed ledger technology. As one of the first entities to utilize this new SEC framework, OKXICE sets a precedent for how legacy exchanges and crypto-native firms can collaborate on regulated RWA products.
Key points
- OKXICE LLC filed with the SEC to tokenize 63 NYSE-listed company shares.
- The platform utilizes a new SEC innovation exemption for blockchain-based securities trading.
- Tokenized shares will retain full shareholder rights, including voting and dividend distributions.
- ICE and OKX previously partnered in a March investment round valuing OKX at $25 billion.
Background
Intercontinental Exchange (ICE) is a global provider of data, technology, and market infrastructure, most notably serving as the parent company of the New York Stock Exchange. OKX is a major global cryptocurrency exchange that provides a suite of digital asset trading services and blockchain infrastructure. Together, they are exploring the intersection of traditional equity markets and blockchain technology to improve settlement efficiency and market accessibility.