OKX and NYSE Owner File for 24/7 Tokenized Stock Trading in the U.S.

Published October 7, 2026, 03:10 UTC. Based on the OKXICE LLC public notice to the SEC (Oct. 4, 2026) and reporting by Reuters, CoinDesk, and Ledger Insights.

The parent company of the New York Stock Exchange wants to put U.S. stocks on a blockchain and trade them around the clock. OKXICE, a joint venture between crypto exchange OKX and Intercontinental Exchange (ICE), published a 27-page public notice on October 4, 2026, telling the SEC it plans to launch a tokenized stock trading venue under the agency's new Innovation Exemption, Reuters reported.

OKXICE is a 50-50 venture between ICE and OKX's U.S. holding company, OKC USA. The two companies formed it in June 2026 to build infrastructure for tokenized financial products, and Fortune reported roughly three months ago that former New York governor Andrew Cuomo would co-chair the venture. Cuomo announced the SEC filing on X over the weekend.

The 63-stock lineup

The notice proposes starting with 63 U.S.-listed stock symbols, according to the public filing. The list includes heavily traded technology and consumer names such as Nvidia, Microsoft, Apple, Amazon, Tesla, and Alphabet, alongside financial companies including JPMorgan, Goldman Sachs, Coinbase, and Robinhood, and crypto-adjacent firms such as Strategy, Circle, and BitGo. Each tokenized stock would trade against one of three payment stablecoins: USDC, USDG, or USDT.

Cuomo called the filing "a landmark step toward a truly global, 24/7 Wall Street" in his post, and told CoinDesk the goal is to show "how 24/7, onchain markets can make trading and settlement more efficient, accessible and global." OKX CEO Star Xu said the future of markets is "real ownership, onchain," adding that "full shareholder rights are what make that possible," Ledger Insights reported.

Permissioned pools on XLayer

The venue would not run a conventional order book. Instead, each tokenized stock would sit in a permissioned liquidity pool on XLayer, OKX's layer-2 blockchain, built with Uniswap v4 contracts and an OKXICE-specific hook. A constant-product formula would set the pool price from the relative quantities of the two assets, and every trade would be fully funded and settle in a single blockchain transaction. There would be no margin, no borrowing, and no netting.

Access would be tightly controlled despite XLayer being a public chain. Investors would need to pass know-your-customer or know-your-business checks, anti-money-laundering and sanctions screening, and wallet analytics, then receive a non-transferable soulbound token credential for their wallet. Only those approved wallets could trade or provide liquidity. OKXICE would publish indicative quotes roughly every 15 seconds and machine-readable transaction data within ten minutes, and it disclosed three fee layers: a venue service fee, a pool fee, and a network fee.

Trading would pause whenever the underlying stock is halted on its primary exchange, including limit-up/limit-down pauses, market-wide circuit breakers, and material-news halts. The filing says the smart contracts do not use an oracle for this; off-chain market-data services detect the halt and trigger the venue's response.

One real share per token

The filing's central legal claim is that each token represents a genuine security entitlement, not a synthetic bet. A third-party tokenizer, acting through an SEC-registered broker-dealer and FINRA member, would hold the underlying NMS stock one-for-one against the tokens outstanding. Token holders would carry the same economic and governance rights as ordinary shareholders: dividends, voting rights, issuer communications, stock splits, and a residual claim in liquidation.

OKXICE says it will review reserve attestations from an independent accounting firm and check procedures for passing through dividends, proxy materials, voting instructions, and mergers. If a token no longer provides equivalent rights, the venue says it will stop trading it. The filing also flags an open question: how self-custodied tokenized shares would be treated if the broker-dealer entered liquidation, and whether Securities Investor Protection Corporation coverage would apply fully.

The five-year SEC exemption

The plan rides on an "Innovation Exemption" the SEC issued on September 17, 2026. The five-year temporary exemption lets qualifying venues trade tokenized NMS stocks through permissioned automated market makers without being treated as exchanges, provided they meet conditions on symbols, volume, access, and product design. The filing is explicit about what OKXICE is not: it is not registered with the SEC for the activities covered by the exemption, is not subject to Regulation NMS, and does not get the regulatory treatment of a national securities exchange or a conventional alternative trading system.

OKXICE retains broad control despite the on-chain machinery. The joint venture would create every pool, permission every wallet, pause trading, and upgrade contracts, with administrative keys managed by its affiliate OKX Technology. Critical functions would require multi-signature approval.

The 30-day objection window

Launch is not imminent. Companies whose shares are named get 30 days to object to their stock being tokenized, and Ledger Insights reported that AI firm Cerebras has already filed an objection that keeps its stock out of the pools. Trading can begin no earlier than 30 days after the notice, putting the earliest possible start in early November 2026.

The filing matters because it brings tokenized-stock trading onshore. OKX itself already lists more than 70 such tickers, but those are issued under offshore rules and U.S. investors cannot buy them. Tokenized stocks are now worth about $3.2 billion, up 15% in the past month, according to RWA.xyz data cited by CoinDesk. The venue would make OKXICE the first U.S. regulated venue where tokenized shares carry the same shareholder rights as ordinary stock. "And we're just getting started," Cuomo said.

This article is news reporting and is not investment advice.

Sources

• OKXICE LLC, public notice to the SEC on the Tokenized Securities Venue (Oct. 4, 2026), primary source
• Reuters, OKX joint venture files with SEC to launch tokenized trading platform (Oct. 5, 2026)
• CoinDesk, OKXICE files for 24/7 tokenized trading in 60 U.S. stocks (Oct. 5, 2026)
• Ledger Insights, ICE, OKX venture plans trading of tokenized US stocks via Uniswap pools (Oct. 5, 2026)