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OKXICE files to open 24/7 tokenized U.S. stock venue

OKXICE has moved from partnership concept to regulatory execution, filing to operate a round-the-clock venue for tokenized U.S. stocks under the SEC’s new Innovation Exemption.

OKX has published a public notice for the forthcoming OKXICE Tokenized Securities Venue. Reuters reported on 5 October that OKXICE—the joint venture between OKX and Intercontinental Exchange—filed with the U.S. Securities and Exchange Commission on 4 October to launch a platform for 24/7 trading in tokenized U.S. stocks.

The filing follows the SEC’s 17 September Innovation Exemption, which conditionally permits tokenized-securities venues to trade tokenized NMS stocks through permissioned automated-market-maker liquidity pools.

FMI WORLD analysis: This is an early market-operator test of whether tokenized equity trading can sit alongside the U.S. national-market-system framework without severing issuer rights, primary-listing halts or investor-protection controls. ICE brings listed-market infrastructure; OKX brings blockchain execution. The practical question is whether 24/7 tokenized trading can preserve economic equivalence, synchronized halts and auditable smart contracts while building usable liquidity.

U.S. equity issuers, exchanges, broker-dealers, tokenization providers, custody and wallet firms, market makers, investors and SEC-regulated market-infrastructure operators.

SEC acknowledgment and conditions; final operating disclosures; issuer notices or objections; first eligible symbols; custody, corporate-action and settlement design; liquidity-provider participation; and synchronization of trading halts with the primary exchange.

Sources — OKXICE public notice; SEC Innovation Exemption; Reuters filing report.