UPDATE: OKXICE filing reveals 24/7 tokenized stock trading details
CIE News ·
OKX and NYSE owner ICE named their joint venture OKXICE in a regulatory filing, detailing 24/7 tokenized U.S. stock trading backed one-for-one on the XLayer blockchain.
OKX and NYSE owner Intercontinental Exchange have detailed the operational structure of their joint venture, named OKXICE, in a regulatory filing. As previously reported, the firms filed to launch a platform providing tokenized shares in more than 60 U.S.-listed companies under a new SEC innovation exemption. The proposed venue plans to support 24/7 trading using Uniswap decentralized exchange infrastructure deployed on OKX's XLayer blockchain, with mandatory identity and anti-money-laundering checks.
According to CoinDesk, the underlying shares would be held on a one-for-one basis by a registered broker-dealer, preserving shareholder rights such as dividends and voting. Instead of conventional order books, the market will utilize liquidity pools paired against stablecoins including USDC, USDT, and USDG. Target listings include Nvidia (NVDA), Tesla (TSLA), Apple (AAPL), and Coinbase (COIN), though companies retain a 30-day window to object to inclusion.