OKX and ICE to open a tokenized stock market in the U.S. on November 23

OKXICE, the joint venture between OKX and Intercontinental Exchange (parent company of the NYSE), is launching its Tokenized Securities Venue: eligible U.S. clients will be able to trade digital securities 24/7 from the OKX app.

It operates under a temporary SEC innovation exemption; the announcement itself clarifies that it is not a registered exchange or a broker and that the SEC has not approved it. There will be more than 70 assets, including shares of Better.com, BitGo, Circle, Coinbase, Robinhood, Securitize and Strategy, 59 Direxion ETFs and Strategy’s preferred shares.

Trading takes place in Uniswap v4 pools on X Layer, OKX’s network, and Securitize tokenizes the securities: each token is backed 1:1 by a share, with dividends and voting rights, and held in self-custody. OKXICE is co-chaired by Andrew M. Cuomo and Trabue Bland.

Starting November 23, eligible U.S. clients will be able to trade digital securities around the clock through OKXICE’s Tokenized Securities Venue (TSV), directly in the OKX app.

More than 70 assets are expected to be included, among them securities of Better.com , BitGo, Circle, Coinbase, Robinhood, Securitize and Strategy, as well as 59 Direxion ETFs, giving users diversified exposure across assets, markets and styles. Strategy will also list its preferred shares.

“The SEC has opened a real opportunity for U.S. markets to lead the next era of finance. OKXICE TSV gives pioneers the chance to bring their securities on-chain through a compliant platform built to operate 24 hours a day, 7 days a week, with real shareholder rights. The future of finance is on the blockchain, and we have the opportunity to build it here in the United States, with the standards, safeguards and ambition investors expect,” said Governor Andrew M. Cuomo, co-chair of OKXICE.

OKXICE is a joint venture between OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. The platform will launch under the SEC’s Innovation Exemption, which enables authorized trading of digital securities on the blockchain.

“With OKXICE TSV, eligible investors will be able to access tokenized U.S. securities around the clock, within the framework of the SEC’s Innovation Exemption,” said Trabue Bland, co-chair of OKXICE . “We thank our pioneering issuers and Securitize for helping us turn this vision into a real market, and we look forward to expanding access as the platform grows.”

How the TSV works

Trading on OKXICE TSV will take place through automated market maker (AMM) liquidity pools based on Uniswap v4 on X Layer, OKX’s Ethereum Layer 2 network. The platform’s smart contracts restrict trading and liquidity provision to eligible wallets.

Securitize will provide the tokenization infrastructure. Each token will represent a security entitlement backed one-to-one by an underlying U.S. share, with the corresponding shareholder rights and economic benefits, including dividends, voting rights and participation in corporate decisions.

Clients will hold their digital securities in self-custody wallets; OKXICE TSV will not store their assets or their private keys. OKXICE TSV will be available to eligible U.S.-based OKX Inc. clients who have activated a CeDeFi wallet and completed onboarding with OKXICE. Access requires identity verification and is subject to geographic and eligibility requirements.

Listing sheet

“OKXICE TSV reflects our vision of how markets are evolving. Investors want always-on access and want to know the rules that govern it. We are pleased to see tokenized securities arrive through a compliant regulatory framework, built on real shares and real shareholder rights,” said Kash Razzaghi, Chief Business Officer of Circle.

“Our mission has always been to give investors precise tools, delivered the way they want to use them. As investor behavior evolves, so do we. Participating as a launch issuer on the OKXICE Tokenized Securities Venue is the latest example of how Direxion adapts to the needs of traders and investors, within a framework designed for transparency and regulatory compliance,” said Douglas Yones, CEO of Direxion .

We are pleased to see so many issuers seize the opportunity to tokenize and list their shares on OKXICE. Their participation is an important vote of confidence in the future of tokenized capital markets. We are proud to provide the tokenization infrastructure supporting this launch and helping make 24/7 capital markets a reality. The future of tokenized stocks must be built on real shares, real shareholder rights and the protections investors expect. That is how we build the next chapter of capital markets on solid foundations,” said Carlos Domingo, President and CEO of Securitize.

“Bitcoin is digital capital. Strategy’s preferred shares, such as STRC, transform that capital into digital credit, with high yield and deep liquidity. Tokenization on OKXICE TSV is the next logical step to make digital credit accessible to investors around the world, 24 hours a day, seven days a week. The future of capital markets is digital, global and always on,” said Phong Le, President and CEO of Strategy.