OKX and NYSE Owner ICE Plan 24/7 Tokenized Stock Trading Under SEC Exemption
OKX and Intercontinental Exchange have notified the SEC about plans for a tokenized securities venue under the agency’s Innovation Exemption. The initial notice names more than 60 U.S.-listed companies, including Nvidia, Apple, Microsoft, Tesla, Amazon, Alphabet, and SpaceX, and describes round-the-clock trading for tokenized U.S. stocks. One filing also says the venue would use permissioned Uniswap v4 pools on X Layer, and Cerebras has objected to being included.
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Users and market participants who watch U.S. stock tokenization will see a proposed venue that is set up around round-the-clock trading and a long initial list of names. That matters today because the notice puts the idea into a regulated SEC filing rather than a general product pitch, with more than 60 companies named and tokenized trading tied to the Innovation Exemption.
What changes in practice is the structure of the proposed trading venue: one filing says the tokenized equity activity would run through permissioned Uniswap v4 pools on X Layer. What does not change, at least from these filings, is that this remains a proposal in front of the SEC rather than an operating market.
Still unknown is which names will remain on the list and how the SEC will respond to the filing. Cerebras has already objected to being included, but the materials leave open whether the notice is revised, withdrawn, or allowed to move forward as written. (per dailyhodl.com)
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