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NYSE owner and OKX launch tokenized stock trading platform pending SEC approval

By PulseAugur Editorial · [1 sources] ·

OKXICE, a joint venture between crypto exchange OKX and ICE (owner of the New York Stock Exchange), has filed with the SEC to launch a platform for trading tokenized U.S. stocks 24/7. The platform will utilize XLayer, a blockchain linked to OKX, and will offer over 60 stocks represented by tokens backed by actual shares. This move follows a recent SEC exemption for regulated on-chain stock trading venues and a significant increase in the value of tokenized assets, particularly stocks. AI

IMPACT This move could accelerate the integration of blockchain technology into traditional finance, potentially impacting how securities are traded and owned globally.

RANK_REASON Joint venture between major financial entities (NYSE owner, crypto exchange) launching a new product category (tokenized stock trading) with regulatory filing. [lever_c_demoted from significant: ic=1 ai=0.4]

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AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

NYSE owner and OKX launch tokenized stock trading platform pending SEC approval

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2 / 100
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Joint venture between major financial entities (NYSE owner, crypto exchange) launching a new product category (tokenized stock trading) with regulatory filing. [lever_c_demoted from significant: ic…
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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Camila Grigera Naón ·

    NYSE owner and crypto exchange OKX seek SEC clearance for tokenized U.S. stock trading

    OKXICE’s move comes three months after former New York Governor Andrew Cuomo became its cochair.

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