NYSE owner joins OKX to launch tokenized stocks

Key Summary

OKXICE, a joint venture between OKX and NYSE parent ICE, has informed the SEC of plans to launch a tokenized stock trading venue featuring over 60 U.S.-listed companies. The venture aims to tokenize stocks, allowing for fractional ownership and potential for increased liquidity. Andrew Cuomo, the venture's co-chair, expressed that this is just the first step in a broader expansion of tokenized financial markets.