OKX, NYSE parent ICE joint venture seeks to launch tokenized US stock trading venue

Key Summary

OKXICE, a joint venture between cryptocurrency exchange OKX and Intercontinental Exchange (ICE), has notified the US Securities and Exchange Commission (SEC) of plans to launch a tokenized US stock trading venue. The venture aims to create a platform that allows for the trading of securities using blockchain technology. The launch is expected to be facilitated under the innovation exemption, which permits the use of digital tokens to represent securities. The SEC has granted permission for OKXICE to proceed with the project, paving the way for the introduction of tokenized US stock trading.