Joint venture of OKX and NYSE parent ICE files for 24/7 tokenized U.S. stock trading
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Summary
OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, have formed a joint venture called OKXICE and notified the U.S. Securities and Exchange Commission (SEC) of plans to launch a tokenized U.S. stock trading venue. This platform would enable 24/7 trading of blockchain-based shares of over 60 U.S.-listed companies, with the shares preserving dividend and voting rights. The initiative leverages a new five-year SEC Innovation Exemption allowing tokenized stock trading but is still subject to regulatory approval steps, including a 30-day objection period for companies.
Why it matters
The source highlights that this development marks a significant move toward integrating blockchain technology with traditional financial markets, potentially making stock trading and settlement more efficient, accessible, and global. The 24/7 on-chain trading feature contrasts with conventional stock market hours and faster settlement processes. The involvement of ICE demonstrates that tokenization is moving into mainstream financial infrastructure.
Key context
Tokenized stocks are digital representations of regular shares recorded on a blockchain, allowing trading outside normal market hours and faster settlement than traditional stocks. The SEC recently issued an Innovation Exemption that enables automated market makers and liquidity pools to facilitate trading of tokenized U.S. stocks for up to five years. OKX and ICE formed their joint venture in June 2026 to develop tokenized financial products infrastructure, building on the offshore tokenized stock offerings that have so far excluded U.S. investors.
Key numbers and entities
The joint venture is between OKX and Intercontinental Exchange (ICE). The planned trading venue will initially offer tokenized stocks of more than 60 U.S.-listed companies. The SEC Innovation Exemption lasts five years from September 17, 2026. The tokenized stock market size is currently around $3.2 billion, up 15% in the last month. Former New York Governor Andrew Cuomo is co-chair of OKXICE.
What remains unclear
The timeline for the launch remains uncertain pending the 30-day objection period by companies and other regulatory procedures. Details on specific companies involved, the exact operational mechanics of the venue, and how it will integrate with existing stock market infrastructure have not been established. The source does not clarify how investor protection measures or compliance will be ensured on the new platform.