OKX and NYSE Parent File to Launch Tokenized US Stock Trading Platform
Key Facts
OKX and the parent company of the NYSE have filed to launch a trading platform offering tokenized shares of over 60 US-listed companies. Cointelegraph reported that the collaboration seeks to integrate traditional equity markets with blockchain technology.
The proposed platform intends to operate under a recently introduced innovation exemption from the US Securities and Exchange Commission (SEC). This move aligns with broader institutional efforts to tokenize real-world assets within a regulated framework for financial innovation.
Latest Updates · 5
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Update: OKXICE, a 50-50 joint venture between the parties, notified the SEC of its intent to launch a 24/7 tokenized securities venue. The proposed platform plans to utilize the Uniswap protocol to facilitate the trading of tokenized assets.
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Update: The project will be technically built on the Uniswap v4 protocol via OKX's X Layer network. Trading access on the new platform will be restricted to digital wallets holding valid soulbound tokens to ensure compliance and user verification.
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Update: The new platform developed by OKX and ICE will utilize Uniswap v4 hooks to integrate tokenized stock trading into the decentralized finance (DeFi) ecosystem. This technical integration aims to enhance liquidity and streamline operations between traditional markets and decentralized protocols.
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Update: The joint venture between OKX and NYSE parent ICE has been officially named OKXICE. This new entity will manage the technical and regulatory operations for the proposed tokenized stock trading platform.
- Notable·
Update: The joint venture, operating as OKXICE, plans to facilitate 24/7 trading for these tokenized U.S. stocks. This continuous trading model aims to move beyond the standard operating hours of traditional American equity exchanges.