OKX and NYSE Owner ICE Plan 24/7 Blockchain Market for Tokenized Stocks

TLDR

• OKX and NYSE owner Intercontinental Exchange formed a joint venture called OKXICE to launch a tokenized stock trading platform.
• The platform plans to offer more than 60 U.S. stocks, including Nvidia, Tesla, Apple, and Microsoft, as digital tokens.
• Trading would happen 24 hours a day, seven days a week, using stablecoins instead of dollars.
• Each token would be backed one to one by a real share, held by a registered broker dealer.
• Analysts at TD Securities say near term interest from large investors may be limited due to regulatory uncertainty.

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Nvidia, Tesla, Apple, and Microsoft could soon trade around the clock on a new blockchain based market. The platform comes from OKXICE, a joint venture between crypto exchange OKX and Intercontinental Exchange, the parent company of the New York Stock Exchange.

🇺🇸JUST IN: Crypto exchange OKX and NYSE owner ICE have OFFICIALLY filed with the SEC to bring 63 NYSE stocks on-chain.

Their joint venture, OKXICE, wants to offer tokenized shares of the NYSE-listed companies, per Bloomberg.

It’s one of the first major crypto exchanges to use… pic.twitter.com/E5JP0t8gKU

— Coin Bureau (@coinbureau) October 5, 2026

OKXICE filed paperwork with the Securities and Exchange Commission this week. The filing explained how the new trading venue would work and listed the stocks it plans to offer.

What Stocks Are Included

More than 60 companies appear on the list. Besides the major tech names, it includes Amazon, Alphabet, JPMorgan Chase, Walmart, Netflix, and Boeing.

Crypto linked companies are also on the list. These include Coinbase, Circle, Robinhood, Strategy, and Securitize.

Not every stock on the list is guaranteed to trade on the platform. Companies have a 30 day window to object to having their shares included.

Cerebras has already objected to being part of the filing. TD Securities analysts noted that no stock symbol is a sure thing yet.

How the Tokenized Trading Works

Instead of using a brokerage account, investors would buy a digital token tied to a share of stock. The filing states each token will be backed one to one by an actual share held by a registered broker dealer.

Token holders would keep the same rights as regular shareholders. This includes dividends and voting rights.

Trades on the platform would use stablecoins instead of U.S. dollars. OKXICE plans to support three stablecoins called USDC, USDT, and USDG.

The platform will not use a traditional order book that matches buyers with sellers. Instead, tokens and stablecoins sit together in blockchain based pools that investors trade against directly.

Buying tokens removes them from the pool and adds stablecoins in their place. This pushes the price higher. Selling works in reverse and lowers the price.

These pools are called automated market makers. They use formulas or active management from trading firms to set prices.

TD Securities said the more actively managed pools could end up mattering more for stock trading than simple formula based pools. Trading firms using this method can adjust prices and inventory based on real market data.

The trades will happen on XLayer, a blockchain built by OKX. The trading pools will use technology from the decentralized exchange Uniswap.

A major difference from Wall Street is that this market never closes. Trading would continue on nights, weekends, and holidays, even when the Nasdaq is shut.

Prices outside of normal trading hours would be set by activity within the platform pools. They would not simply follow the latest Nasdaq closing price.

The platform will require identity verification. Anti money laundering checks will apply before any investor can start trading.

TD Securities said the platform may have limited impact on institutional investors in the near term. The bank pointed to easy existing access to listed stocks and uncertain regulation as reasons for caution.

The SEC’s exemption allowing this kind of trading lasts five years rather than being a permanent rule. This could make large financial firms hesitant to build out new systems for a framework that might change later.

Harvey Li, founder of Tokenization Insight, said the real test will be whether this venue can prove which tokenization model works best for stocks moving onchain. He said OKXICE could become one of the first major trials of this market structure.

Andrew Cuomo, OKXICE’s cochair, called the move a step toward a 24/7 global financial system. OKX founder and chief executive Star Xu said tokenization could make public markets more open and always available.