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OKX-ICE venture files for 24/7 tokenized U.S. stock trading

OKXICE’s notice under a new SEC exemption lists 63 tokenized U.S. stocks, from Nvidia to SpaceX, to trade around the clock against three stablecoins; it gives no launch date.

Motion Media News Staff

Oct 5, 2026

3 minutes

Gold lettering reading New York Stock Exchange on the lit stone facade of the exchange building at night, above its Corinthian columns.

Photo: Billie Grace Ward (CC0 1.0), via Wikimedia Commons (source)

OKXICE, the joint venture that pairs Intercontinental Exchange, the NYSE's parent company, with the crypto exchange OKX, has published notice that it plans to run a round-the-clock trading venue for blockchain-based versions of U.S. stocks under a new Securities and Exchange Commission exemption. The notice, dated Sunday, Oct. 4, says the venue "will operate 24 hours per day, seven days per week."

Andrew Cuomo, the former New York governor who co-chairs OKXICE, disclosed the move in a post on X on Monday and called it "a landmark step toward a truly global, 24/7 Wall Street," Decrypt reported. The notice gives no launch date.

What would trade

The notice lists 63 tokenized stocks, among them Nvidia, Tesla, Apple, Microsoft and SpaceX, along with crypto-linked companies such as Coinbase, Circle, Strategy and Robinhood. Every listed token will be paired with a single payment stablecoin, either USDC, USDG or USDT, the notice says.

The venue will not run an order book. Instead, trades are to settle in Uniswap v4 pools deployed on the XLayer blockchain, with an OKXICE smart contract that admits only wallets carrying a "soulbound" token the venue issues once a user clears know-your-customer and sanctions screening, according to the notice. The notice warns that prices are set only by the pools and may differ from the underlying shares, especially outside regular market hours, Decrypt said.

The tokens come from an outside firm the notice refers to only as "the Tokenizer," which backs each token with one share of the underlying stock, held through an SEC-registered broker-dealer. Decrypt noted that the filing does not name it. Under the exemption's terms, token holders must keep the dividend and voting rights that come with the stock.

One company has already said no. The notice states that Cerebras Systems filed a "Notice of Issuer Objection." Under the exemption, a company whose stock is tokenized without its involvement gets 30 days to object, and its tokens cannot trade on that venue if it does, Decrypt reported.

The SEC exemption

The SEC issued the "Innovation Exemption" on Sept. 17. Published in the Federal Register on Sept. 22, the order lets qualifying venues trade tokenized stocks through automated market makers without registering as exchanges, and runs until Sept. 17, 2031. Under the order, a venue has to publish its notice on its website no later than 30 calendar days before trading begins. The SEC does not approve each venue; a firm that meets the conditions notifies the agency, Decrypt reported. OKXICE's notice says it is not registered with the SEC for these activities.

ICE and an OKX U.S. holding company split ownership of the Texas-registered venture 50-50, the notice says; the partners formed it in June, according to CoinDesk. Until now, crypto platforms have sold tokenized U.S. shares only to users abroad; OKX itself offers more than 70 of them offshore, CoinDesk said. The tokenized-stock market totals roughly $3.2 billion and grew 15% over the last month, CoinDesk reported, citing RWA.xyz.

What's next

Trading can begin no sooner than 30 days after the notice, under the SEC order, and still hinges on the issuer-objection period and other regulatory steps, CoinDesk reported. "And we're just getting started," Cuomo told CoinDesk.