OKX and NYSE Parent ICE File With SEC to Launch 24/7 Tokenized Trading of 63 US Stocks

OKX and the parent company of the New York Stock Exchange are moving together to crack the US stock market.

OKXICE LLC, a joint venture between crypto exchange OKX and Intercontinental Exchange, filed notice with the Securities and Exchange Commission on Sunday, October 4, according to Reuters and confirmed by TradingView, Markets Media, and fxleaders. The filing proposes a Tokenized Securities Venue offering 24/7 blockchain trading of more than 60 US-listed stocks.

TradingView and fxleaders put the exact number at 63 companies, including Nvidia, Apple, Microsoft and Tesla, plus crypto-linked names like Strategy, Coinbase, Circle and BitGo. Markets Media's list, sourced directly from OKX, also names SpaceX and Palantir among the more than 60 companies included.

Each tokenized share would carry actual shareholder rights, including dividends and voting, according to the filing details reported by TradingView. This differs from OKX's existing retail product.

Not the Same as OKX's Current Tokenized Stocks

OKX already runs a tokenized equity product called Unified Tokenized Stocks, launched in mid-July 2026 and expanded to more than 70 US stocks and ETFs by September, according to Crypto Briefing. Those tokens are synthetic, restricted under Regulation S, and off-limits to US persons. Holders get price exposure but no dividends or voting rights.

The OKXICE filing is built to qualify under the SEC's new Innovation Exemption rather than the offshore Reg S carve-out. The exemption explicitly excludes synthetic tokens.

The Regulatory Opening

The SEC unveiled its five-year Innovation Exemption on September 17, 2026, creating a path for qualified Tokenized Securities Venues to trade tokenized National Market System stocks onchain, Epoch Times reported. SEC Chair Paul Atkins said the exemption is "designed to resolve challenges that have prevented responsible innovation from taking root in the United States while providing investor protections and market integrity standards." Atkins also said the interim measure "must be followed by durable rulemaking."

Reuters, via The Star (Malaysia), noted the exemption arrived two days after comprehensive crypto legislation backed by President Donald Trump failed to advance in the Senate. The SEC moved on its own regulatory authority rather than waiting on Congress.

The exemption comes with hard caps. TradingView reports a venue can list up to 75 eligible stocks, and trading in any individual token can't exceed 0.25% of that stock's prior month's total trading volume. Before OKXICE can list any company, that company gets 30 days to object or opt out, per TradingView's reporting on the filing.

What Still Has to Happen

This is a notification, not an approval. OneBullex, describing the broader regulatory track, noted the filing process for an alternative trading system designation "could take months." Crypto Briefing separately reported that OKXICE still needs US broker-dealer and futures commission merchant status from the SEC and the CFTC before it can operate, approvals that remain pending.

OKXICE co-chair Andrew Cuomo, the former New York governor, called the filing "a landmark step toward a truly global, 24/7 Wall Street" in a post on X, cited by Markets Media and The Star. OKX founder and CEO Star Xu said in a statement to Markets Media that "the future of markets is real ownership, onchain," adding that "full shareholder rights are what make that possible."

Intercontinental Exchange acquired a stake in OKX in March 2026, and the two companies formed the OKXICE joint venture in June, according to Markets Media.

The Legitimate Pushback

SEC Commissioner Mark Uyeda, speaking at a roundtable the agency hosted the same day it announced the exemption, flagged concerns about overnight trading. "As we look toward expanded overnight trading, technology no longer appears to be the limiting factor," Uyeda said, per Epoch Times. "There are, however, new questions arising, centered on the readiness of market participants and regulators to operate and manage risk in overnight sessions."

Round-the-clock markets mean thinner liquidity at 3 a.m., faster-moving prices with fewer traders to absorb shocks, and regulators who have to monitor markets that never close. Reuters also noted that prediction markets' push into US stock trading has separately drawn regulatory scrutiny, a sign that the broader shift toward onchain and always-on markets is generating friction inside Washington.

OKX isn't the only one eyeing this. Robinhood already deployed 500 tokenized stocks on Arbitrum in a single day earlier in 2026, according to fxleaders, and NYSE, Nasdaq, and the London Stock Exchange are all separately preparing for round-the-clock trading in the coming months, per Reuters.

The next concrete marker is the 30-day window for the 63 named companies to object to having their shares tokenized on OKXICE's venue. Whichever firms opt out, and whether the SEC grants OKXICE its broker-dealer and futures commission merchant registrations, will determine whether any of this actually trades or stays a filing on paper.