OKX and ICE Move Toward U.S. Tokenized Stock Trading With SEC Filing

OKX and Intercontinental Exchange are taking a major step toward bringing tokenized equities to U.S. markets. Their joint venture, OKXICE LLC, has filed paperwork with the Securities and Exchange Commission to launch a platform for trading blockchain-based versions of U.S. stocks. Bloomberg reported the filing on Oct. 4. The move comes weeks after the SEC created a temporary framework for tokenized securities.

The proposed platform would initially target 63 companies listed on the New York Stock Exchange. Under the new framework, companies can object to having their shares tokenized during a 30-day period. Trading could begin after that period ends and the venture satisfies the required conditions.

A new path for tokenized equities

The SEC’s temporary exemption marks a significant shift in the U.S. approach to blockchain-based securities. The regulator allows qualifying trading venues to use blockchain infrastructure for tokenized National Market System stocks.

However, the framework requires tokenized securities to preserve the core rights attached to traditional shares. Those rights include dividends and voting privileges. That requirement distinguishes the proposed U.S. platform from some tokenized stock products currently offered outside the country.

OKX already offers tokenized exposure to U.S. stocks and ETFs in several international markets. Its existing products provide 24-hour trading but generally do not give holders direct shareholder rights.

OKX and ICE deepen their partnership

The filing also expands a strategic relationship between OKX and ICE, the parent company of the NYSE. ICE invested in OKX in March at a valuation of about $25 billion. The companies also agreed to develop regulated U.S. crypto futures products.

The tokenized-stock venture combines OKX’s blockchain infrastructure with ICE’s traditional market technology. If approved, the platform could extend stock trading beyond conventional market hours and connect equity markets more closely with digital assets.

The filing does not guarantee an immediate launch. The companies must still navigate the SEC’s requirements and the issuer objection period. The outcome could provide an early test of whether tokenized stocks can operate at scale within the U.S. securities market.