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6h ago · Decrypt

OKX and NYSE Owner ICE Plan 24/7 Tokenized Stock Trading Under SEC Exemption

OKXICE, the joint venture between crypto exchange OKX and New York Stock Exchange owner Intercontinental Exchange (ICE), has notified the SEC that it plans to launch a round-the-clock trading venue for tokenized U.S. stocks, co-chair Andrew Cuomo said in a tweet Monday. The venture published a >notice dated October 4 under the SEC's "Innovation Exemption," which since September 17 has allowed qualifying venues to trade tokenized stocks without registering as exchanges. OKXICE will operate 24 hours a day, seven days a week, the notice says. Today we are announcing a major step forward for OKXICE, the joint venture between @okx and Intercontinental Exchange, parent company of @NYSE: OKXICE has notified the SEC that we intend to launch our Tokenized Securities Venue (TSV) under the SEC’s new Innovation Exemption.… — Andrew Cuomo (@andrewcuomo) October 5, 2026 The SEC does not approve venues individually. A firm that meets the exemption's conditions notifies the agency and can then operate under it, subject to those conditions. Cuomo, a former New York governor, called the filing "a landmark step toward a truly global, 24/7 Wall Street." The notice lists Nvidia, Tesla, Apple, Microsoft and SpaceX, alongside crypto-linked firms Coinbase, Circle, Strategy, Robinhood, BitGo and Securitize. Each tokenized stock will trade in a pair with one of three stablecoins: USDC, USDG or Tether's USDT. In June, an OKX spokesperson told Fortune the venture would focus on tokenizing NYSE-listed equities. Nvidia, Tesla, Apple and Microsoft all list on the Nasdaq. Chipmaker Cerebras Systems has alre

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AI Analysis:

🦊 Nova's Take OKX and ICE's joint venture OKXICE has filed under the SEC's new "Innovation Exemption" to run a 24/7 venue for tokenized US stocks — a landmark step toward merging TradFi equities with crypto-native infrastructure. If approved, this blurs the line between traditional exchanges and blockchain rails, positioning tokenized equities as the next major narrative. 📊 Market Impact Short-term, expect speculative interest in tokenization and RWA-related tokens (ONDO, LINK, MKR) alongside exchange tokens like OKB. Mid-term, this legitimizes 24/7 trading of real-world assets, potentially pulling traditional equity liquidity into crypto venues and pressuring legacy market hours. 💡 Trading Advice Watch RWA and tokenization plays for momentum, but avoid chasing pumps — regulatory timelines under the exemption remain uncertain. Keep positions sized conservatively; this is a structural story, not a tradeable catalyst yet. Not financial advice — manage risk accordingly. 🦊

Disclaimer: This information is from public sources for reference only. Traceless does not guarantee accuracy.

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