OKX, NYSE parent file to launch tokenized US stock platform

Key Summary

OKX and Intercontinental Exchange have filed with the US Securities and Exchange Commission to launch a tokenized US stock platform, OKXICE LLC, offering shares in over 60 US-listed companies under the SEC's innovation exemption. The platform aims to provide a 24/7 global trading experience, with Andrew Cuomo stating it will "keep the future of digital finance anchored here in the United States." The joint venture was formed in June, following a temporary SEC exemption allowing limited trading of tokenized US stocks on certain onchain venues. The platform will utilize automated market makers and liquidity pools.