October 5th 2026, 10:22 AM
SEC Greenlights 24/7 Tokenized Trading with ICE and NYSE Stocks
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.
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Key Details
Filed under the SEC's new Innovation Exemption, the notice lists more than 60 stocks, including Nvidia and SpaceX, paired with stablecoins.How it Works
The 24/7 tokenized trading platform will allow traders to buy and sell securities in a digital format, utilizing stablecoins as a backing mechanism.Regulatory Framework
The SEC's Innovation Exemption provides a framework for companies to develop and implement new financial products and services, including tokenized trading platforms.#SEC#TokenizedTrading#NYSE#ICE