OKX has filed with the U.S. Securities and Exchange Commission to launch a U.S. platform for Tokenized Stocks, Bloomberg reported. OKXICE LLC, a joint venture between OKX and Intercontinental Exchange, the parent company of the New York Stock Exchange, would operate the proposed venue, marking a major step toward regulated blockchain-based equity trading.
The proposed platform would initially cover 63 U.S.-listed companies, according to an Oct. 4 public notice. The list includes major companies such as Nvidia, Apple, Microsoft and Tesla, as well as crypto-focused firms including Strategy, Coinbase, Circle and BitGo. Issuers would receive a 30-day period to object before their shares become available.
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OKX Plans 63 Tokenized Stock Listings
OKXICE plans to offer round-the-clock trading operations throughout the week, leveraging permissioned Uniswap v4 liquidity pools built on top of the X Layer. The tokenized stocks will be linked against USDC, Global Dollar (USDG), or USDT, giving eligible participants a blockchain-based mechanism for accessing selected U.S. equities.
The application is based on OKX’s previous efforts in creating tokenized securities. Specifically, in July 2026, the exchange launched Unified Tokenized Stocks that are referred to as xStocks-powered products and include more than 40 U.S. equities and ETFs. By September, the number of such instruments reached 70 with the help of the company’s Money app.
Those existing products are available to eligible users outside the U.S. and can be traded 24 hours a day. The tokens are backed 1:1 by underlying shares held by third-party issuers, while OKX operates as a distributor rather than the issuer. Settlement for the products takes place on Solana and X Layer.
SEC Creates Regulatory Path for Tokenized Stocks
The proposed U.S. platform follows a significant regulatory development from the SEC. The regulator approved, on September 17, temporary and conditional exemptive relief to Tokenized Securities Venues, which would allow eligible platforms to conduct on-chain trading of specific National Market System stocks through automated market makers and liquidity pools.
There are several conditions set by the SEC framework for participation in the framework. Platforms should be able to ensure that tokenized shares will give owners the same rights and privileges as traditional shares. Such a condition is crucial because blockchain-based securities will not eliminate the inherent rights of shareholders associated with the underlying security.
The regulation also requires venues to notify issuers and allow them an objection right in cases where an outside party tokenizes the underlying stock. Smart contracts should be publicly accessible and verifiable, while the platform should suspend trading of tokenized stocks in case of a suspension of trades of the underlying security.
OKX-ICE Partnership Expands On-Chain Finance
Also, the proposed platform reflects the overall relationship between OKX and ICE. The two firms created OKXICE as a 50-50 joint venture that will build an infrastructure for tokenized financial products by bringing together digital asset expertise of OKX with ICE’s expertise in traditional financial markets.
The development may have implications for both crypto market players and equity investors. Tokenization allows owning and getting access to shares on blockchain infrastructure, which means that the security may become integrated into digital settlement and liquidity infrastructure instead of being traded through traditional market infrastructure.
Still, the exemption from the SEC regulations is temporary and conditional. This means that it is not a permanent permission to create unrestricted tokenized-stock markets. The agency placed certain limitations concerning the number of stock symbols and trading volume, and asked for public comments on possible future changes.
The exemptions are temporary and will expire five years after the issuance of the order. The SEC will review how the exemption functions and whether more steps should be taken to facilitate the development of on-chain securities markets.
30-Day Issuer Window Sets Next Step
Now OKXICE has to fulfill the appropriate issuer-notification process along with the remaining criteria of the SEC framework in order for the platform to be able to start operations through the use of the exemption. The 30-day objection window allows the companies included in the first list to voice their objections regarding the tokenization of their shares.
In terms of the overall market, this filing serves as an early case study of whether the platform can be used in the context of US securities regulations and, at the same time, rely on blockchain liquidity infrastructure. The results can be valuable for both regulators and financial firms in terms of shareholder rights, liquidity, and other aspects of securities law.
The key takeaway is that Tokenized Stocks are moving from experimental digital-asset products toward a more defined U.S. regulatory structure. OKX’s proposed trading venue combines both opportunities, although the platform will have to pass issuer objections and temporary requirements imposed by the SEC.
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