OKX and Intercontinental Exchange (ICE), parent of the New York Stock Exchange, have filed with the SEC to launch a platform offering round-the-clock trading in tokenized U.S. stocks. The joint venture, OKXICE, plans to bring shares of more than 60 companies, including Nvidia, Apple, Microsoft, Amazon, Coinbase and Robinhood, onto the blockchain under a new SEC exemption for tokenized securities. OKX Global General Manager Lennix Lai argues tokenized shares could carry full shareholding rights and pass-through dividends, and that broader global access could improve liquidity and valuations. The reported framework lets issuers object to having their shares offered on the venue. Lai expects at least half of the volume eventually to come from traditional instruments, though most volume today still involves crypto products.
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- Nvidia CEO Says All of This Is Going to Pass After Tech Lost $1 Trillion in a Day
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