OKXICE files with SEC for 24/7 tokenized trading in 63 US stocks

OKXICE LLC, a 50-50 joint venture between crypto exchange OKX and NYSE parent Intercontinental Exchange, notified the SEC on October 5 that it intends to launch a tokenized securities venue trading more than 60 US-listed stocks around the clock. The filing invokes the agency's September 17 "innovation exemption" — a five-year temporary carve-out that lets qualifying venues trade tokenized equities through automated market makers and liquidity pools.

What was filed

OKXICE submitted the notice to the SEC as a Tokenized Securities Venue (TSV), per CoinDesk's reporting on the filing. The initial list covers 63 symbols including Nvidia, Apple, Microsoft, Tesla, and crypto-adjacent names Strategy, Coinbase, Circle, and BitGo, as Cointelegraph detailed from the same filing.

The venue plans to settle trades using permissioned Uniswap v4 liquidity pools deployed on XLayer, OKX's zk-rollup. Each tokenized stock would be paired against USDC, Paxos's Global Dollar (USDG), or Tether USD (USDT). Andrew Cuomo, the former New York governor, is named as the joint venture's co-chair.

The exemption OKXICE is using

The SEC's innovation exemption, issued September 17, 2026, creates a temporary regulatory lane for tokenized equities. Four provisions matter:

• The exemption runs five years, after which tokenized trading needs a permanent framework.
• Tokenized shares must carry identical rights to the underlying equity, including dividends and voting.
• Issuers of the underlying stock get a 30-day objection window before unaffiliated third-party tokens of their shares can trade.
• Venues may use AMMs and liquidity pools — not just order books — which is why OKXICE's Uniswap v4 route fits the regime.

The TSV is not a national securities exchange or ATS; the innovation exemption is the enabling status.

Market context

Tokenized equities globally sit at roughly $3.2 billion in outstanding value, growing about 15% month-over-month. OKX already lists more than 70 tokenized stock tickers on offshore markets, none of which are available to US investors. The ICE partnership is OKX's first US-facing tokenization venue.

What to watch

1. The 30-day issuer objection window for the 63 named stocks — any opt-outs cull the initial lineup.
2. The permissioned-pool design on XLayer. Permissioning determines who can be a liquidity provider; the filing's specifics on KYC and market-making obligations will shape how closely the venue resembles a traditional exchange.
3. Competing filings. The innovation exemption is open to any qualifying venue — Robinhood, Coinbase, and Kraken have all floated tokenized-equity ambitions. OKXICE is the first joint filing involving a legacy exchange operator.
4. ICE's governance share. NYSE's parent putting its name on a crypto-adjacent venue, with a Uniswap-based matching engine, is the structural novelty here.

Context

The exemption is the Atkins-era SEC's clearest signal that onchain equity trading is a regulatory destination, not a tolerated workaround. OKXICE is the first filing to pair a top-five global crypto exchange with the operator of the largest US cash equities market under that regime. If approved after the objection window, it is also the first time Uniswap v4 would be sitting between retail orders and NYSE-listed shares — a plumbing shift that will matter long after the headline list of 63 tickers changes.