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Door Remote - 05 Oct 2026
Wall Street just took a step toward trading stocks around the clock.
OKXICE, a joint venture between crypto exchange OKX and NYSE parent Intercontinental Exchange (ICE), has notified the U.S. Securities and Exchange Commission (SEC) that it plans to launch a tokenized stock trading venue. Former New York Gov. Andrew Cuomo, the venture's co-chair, announced the move on X.
The venue will start with more than 60 companies listed on U.S. stock exchanges.
“Tokenization is gathering real momentum, and we’re beginning to see what happens when the infrastructure of traditional markets meets blockchain technology. OKX and ICE bring together deep expertise from both sides of that equation. The opportunity now is to build on this first step and show how 24/7, onchain markets can make trading and settlement more efficient, accessible and global,” Cuomo told CoinDesk.Tokenized stocks are digital versions of regular shares that live on a blockchain. That means they can trade outside normal market hours and settle faster than traditional stocks.
The plan builds on a new SEC rule. On Sept. 17, the agency issued an “Innovation Exemption” that lets qualifying venues trade tokenized U.S. stocks using automated market makers and liquidity pools. The exemption is temporary and runs for five years.
It comes with guardrails. Tokenized shares must carry the same rights as regular stock, including dividends and voting. Companies whose shares are listed also get 30 days to object to their stock being tokenized. OKX and ICE formed the 50-50 joint venture in June to build infrastructure for tokenized financial products.
OKXICE, a joint venture between crypto exchange OKX and NYSE parent Intercontinental Exchange (ICE), has notified the U.S. Securities and Exchange Commission (SEC) that it plans to launch a tokenized stock trading venue. Former New York Gov. Andrew Cuomo, the venture's co-chair, announced the move on X.
The venue will start with more than 60 companies listed on U.S. stock exchanges.
“Tokenization is gathering real momentum, and we’re beginning to see what happens when the infrastructure of traditional markets meets blockchain technology. OKX and ICE bring together deep expertise from both sides of that equation. The opportunity now is to build on this first step and show how 24/7, onchain markets can make trading and settlement more efficient, accessible and global,” Cuomo told CoinDesk.Tokenized stocks are digital versions of regular shares that live on a blockchain. That means they can trade outside normal market hours and settle faster than traditional stocks.
The plan builds on a new SEC rule. On Sept. 17, the agency issued an “Innovation Exemption” that lets qualifying venues trade tokenized U.S. stocks using automated market makers and liquidity pools. The exemption is temporary and runs for five years.
It comes with guardrails. Tokenized shares must carry the same rights as regular stock, including dividends and voting. Companies whose shares are listed also get 30 days to object to their stock being tokenized. OKX and ICE formed the 50-50 joint venture in June to build infrastructure for tokenized financial products.