OKXICE Files for 24/7 Tokenized Stock Trading Under SEC Exemption

OKXICE, formed by OKX and the parent of the New York Stock Exchange, has informed regulators of its plan to run nonstop trading for tokenized equities via the SEC's Innovation Exemption.

OKXICE publishes notice for tokenized venue. A filing dated October 4 identifies more than 60 U.S. equities available in tokenized form, each paired for trading with USDC, USDG or USDT. The roster covers Nvidia, Tesla, Apple, Microsoft, SpaceX, Coinbase, Circle, Robinhood and BitGo. Operation can begin without exchange registration once exemption conditions are met.

Trading occurs on permissioned blockchain pools. All activity routes through restricted Uniswap v4 pools on the XLayer layer-2 chain, where a dedicated smart contract screens each transfer. Access requires a non-transferable soulbound token granted only after OKX's U.S. unit completes identity, anti-money laundering and sanctions reviews.

Tokens backed one-for-one by underlying shares. An unnamed third-party Tokenizer maintains the actual equities via a registered broker-dealer. Token owners receive identical dividends and voting rights. The notice cautions that pool-determined prices can separate from cash-market values, especially after standard trading hours end.

Issuer objection already filed by Cerebras. Chipmaker Cerebras Systems submitted an issuer objection notice. Under the exemption, venues must alert issuers and provide 30 days for response; an objection blocks trading of those tokens. Cerebras itself is absent from the listed names.

Joint venture formed earlier this year. The 50-50 partnership between ICE and OKX began in June following ICE's minority investment in OKX at a $25 billion valuation. Former New York governor Andrew Cuomo, serving as co-chair, disclosed the filing via an October 5 post and termed it "a landmark step toward a truly global, 24/7 Wall Street." The exemption itself took effect September 17 as an interim measure ahead of broader rulemaking.