OKXICE, a joint venture between crypto exchange OKX and Intercontinental Exchange, the parent of the New York Stock Exchange, has notified the U.S. Securities and Exchange Commission of plans to create a regulated venue for trading blockchain-based versions of U.S.-listed shares.
The proposed platform would initially list tokenized stocks from more than 60 companies. If the plan clears the required regulatory steps, investors would be able to trade those assets around the clock rather than only during conventional U.S. stock-market hours. The digital format is also intended to support faster settlement, while retaining the dividend and voting rights attached to the underlying shares.
Former New York Gov. Andrew Cuomo, who is co-chair of OKXICE, announced the plan on X. The move was reported by CoinDesk.
How the proposed venue would work
Tokenized stocks are digital representations of shares recorded on a blockchain. Blockchain-based trading can operate continuously and can use automated systems to match buyers and sellers or provide liquidity outside the operating hours of traditional exchanges.
Under the OKXICE proposal, the initial group would include more than 60 companies listed on U.S. stock exchanges. The venture has not said in the supplied material when trading would begin, and a launch is not yet guaranteed.
The proposed structure is designed to distinguish the new products from instruments that merely track the price of a stock. The tokenized shares would be required to carry the same economic and corporate rights as conventional shares, including the right to receive dividends and vote on relevant company matters.
For investors, 24-hour access would represent a significant change from the standard U.S. equity-market schedule. It could allow trading during evenings, weekends and other periods when traditional stock exchanges are closed. Faster settlement would mean that completed trades could be finalized more quickly than in conventional market infrastructure, although the source material does not specify a settlement timetable.
SEC exemption creates the regulatory pathway
The plan depends on a new five-year SEC “Innovation Exemption.” Issued by the agency on Sept. 17, the exemption permits qualifying venues to trade tokenized U.S. stocks using automated market makers and liquidity pools.
The permission is temporary and includes safeguards. Companies whose shares are proposed for tokenization will have 30 days to object. That objection period, along with other regulatory requirements, means the proposed venue cannot begin operating immediately simply because OKXICE has notified the SEC.
The exemption also requires tokenized shares to preserve the rights associated with regular stock. This condition is central to the proposal because it links the blockchain-based instrument to the underlying equity rather than treating it solely as a synthetic exposure to a share price.
OKX and ICE created OKXICE as an equal, 50-50 joint venture in June to develop infrastructure for tokenized financial products. ICE’s participation brings the owner of the New York Stock Exchange into a project focused on bringing blockchain-based securities into a U.S. regulated setting.
From offshore crypto products to a U.S. venue
Crypto exchanges have already offered tokenized versions of U.S. stocks, but those products have generally been available to customers outside the United States under offshore rules. OKX lists more than 70 such tickers, while U.S. investors cannot buy them through that arrangement.
OKXICE’s proposal would seek to move this type of trading onshore, using a regulated U.S. venue and rights intended to match those of ordinary shares. The project therefore connects established stock-market infrastructure with technology more commonly associated with digital assets.
The market for tokenized stocks remains relatively small compared with the conventional U.S. equity market, but it has expanded rapidly. Tokenized stocks were valued at about $3.2 billion and had increased 15% over the previous month, according to RWA.xyz, as cited in the source material.
The timing of a possible launch remains the main unresolved issue. OKXICE must navigate the 30-day period in which companies can object, as well as the other regulatory steps linked to the SEC exemption. Cuomo said the initiative was only a beginning, but the supplied information does not provide a launch date or an estimate of when approval might be completed.
Moneyiar market picture
Moneyiar market data at 09:28 on Oct. 5, 2026, showed:
- Filecoin (FIL): $1.0669798477, up 0.45% over 24 hours and 1.46% over seven days.
- ADI (ADI): $8.0652066881, down 0.53% over 24 hours and 2.74% over seven days.
These figures describe the selected digital-asset market data at that time and are separate from the proposed OKXICE tokenized-stock venue.
