NEW YORK, Oct. 5 (CandyPulse) — Stock trading that never closes is a step closer. OKXICE, a joint venture between crypto exchange OKX and Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, has filed with the SEC to launch a venue for tokenized U.S. stocks that would trade 24 hours a day, seven days a week.
Key takeaways
The venue would offer blockchain-based shares of more than 60 large U.S.-listed companies. Investors could trade them around the clock, with faster settlement than traditional markets.
Crucially, the tokens are designed to carry real shareholder rights, including dividends and votes. That's what the SEC requires under its new rules, and it's the key difference from tokens that only track a share price.
| SEC innovation exemption rule | What it means |
|---|---|
| Five-year pathway | Venues can operate without registering as exchanges |
| Up to 75 large U.S. stocks | OKXICE's 63 fits within the limit |
| Volume cap: 0.25% of each stock's average daily volume | Trading stays small at first |
| Full shareholder rights | Tokens must represent real shares |
There's been a lot of talk about tokenized stocks. What makes this filing stand out is who's behind it. ICE runs the world's best-known stock exchange. Pairing it with a major crypto exchange signals that tokenized trading is moving from crypto's fringes into the heart of traditional finance.
It also contrasts with Robinhood, whose offshore stock tokens give price exposure only, a structure that doesn't fit the SEC's exemption.
The SEC still needs to process the filing, and the volume caps mean trading would start small. Watch for a launch date and which stocks go live first.
This article is for information only and is not financial advice.