OKX and ICE File to Trade 63 Tokenized NYSE Stocks

Issuers get 30 days to opt out before any of the 63 NYSE-listed names can trade on the new venue, and tokens must carry dividends and votes. OKXICE LLC, a venture formed by cryptocurrency exchange OKX and NYSE parent company ICE, made a filing on October 4 with the US Securities and Exchange Commission (SEC) to launch a tokenized stock trading exchange. The filing makes OKX one of the first crypto exchanges attempting to offer tokenized US stocks through a regulated exchange under the temporary SEC regulations. OKXICE Seeks Approval for 63 NYSE Stocks According to a report by Bloomberg, OKX plans to seek approval to offer tokenized shares of an initial 63 NYSE-listed companies. Under the SEC framework, those companies have 30 days to opt out before trading can begin, meaning the launch still depends on that notice period and other requirements. OKX’s blockchain infrastructure would be paired with ICE’s market technology. ICE acquired a stake in OKX in March at a $25 billion valuation, and the companies have agreed to work together on US-regulated crypto futures. The SEC introduced its temporary Innovation Exemption in September, allowing certain tokenized securities venues to facil...