OKX and its partner Intercontinental Exchange, owner of the New York Stock Exchange, are taking a new step in the tokenized asset market after filing with the U.S. Securities and Exchange Commission (SEC) to launch a platform for trading tokenized stocks.
The joint entity OKXICE LLC notified the agency that it intends to operate a tokenized securities platform under what the SEC described as a new innovation exemption. The exemption is viewed as a regulatory sandbox framework that allows specific products to be introduced under clear safeguards, rather than operating outside the regulatory system.
According to the disclosure, the platform will include more than 60 companies listed on U.S. exchanges. Andrew Cuomo, co-chair of OKXICE, also noted that the proposed list includes 63 stock tokens, including Nvidia, Apple, Microsoft, and Tesla, as well as digital-sector companies such as Strategy, Coinbase, Circle, and Bitgo.
The platform plans to operate 24/7, relying on permissioned Uniswap v4 liquidity pools deployed on XLayer. Each tokenized stock will also be paired with one of the following stablecoins: USDC, USDG, or USDT.
The move follows the formation of a 50-50 joint venture between OKX and Intercontinental Exchange in June to build infrastructure for tokenized financial products. In September, the SEC granted temporary relief allowing limited trading of tokenized U.S. stocks on certain on-chain platforms.
Under this framework, tokenized securities platforms can offer authorized trading of National Market System stocks through automated market makers and liquidity pools. This means the pilot is not just about opening a new avenue for trading; it also tests how liquidity can be aligned with compliance requirements in a regulated market.
If the plan moves forward, the platform could represent one of the most prominent efforts to integrate traditional U.S. stocks with on-chain infrastructure under a clearer U.S. regulatory framework.
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