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

Key Summary

OKX and NYSE owner Intercontinental Exchange (ICE) plan to launch a 24/7 tokenized stock trading venue under the SEC's Innovation Exemption. The venue will feature over 60 U.S.-listed stocks, including Nvidia and SpaceX, paired with stablecoins. Tokenized stocks will trade against USDC, USDG, or Tether's USDT. The platform's notice lists the tokenized versions of the stocks without specifying the firm issuing the tokens. Cerebras Systems, a chipmaker, has lodged an objection to the venue, citing concerns about tokenization and potential regulatory issues.