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OKX and NYSE Owner ICE Plan 24/7 Tokenized Stock Trading Under SEC Exemption

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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.

Key claims & sources

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OKX and Intercontinental Exchange notified the SEC about plans for a tokenized securities venue under the agency’s Innovation Exemption.
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The initial notice lists more than 60 stocks, including Nvidia and SpaceX, alongside stablecoins.
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The filing says tokenized equity trading would run through permissioned Uniswap v4 pools on X Layer.
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Cerebras has objected to being included in the list.
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The list also includes Nvidia, Tesla, SpaceX, Microsoft, Amazon, and Alphabet among more than 60 U.S. stocks.
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The plan describes 24/7 trading for tokenized U.S. stocks.

What it means

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 Cerebras has already objected to being included, but the materials leave open whether the notice is revised, withdrawn, or allowed to move forward as written.

Market reaction i

Total crypto marketall crypto assets combined no single asset in the event: read against the whole market
first headline
-0.6% 2 h before
+1.7% 4 h after
$2.9Tmarket cap at publication
12data points

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 5 10:22
+2 h 57 m
Oct 5 13:19
Crypto Economy adds
Brings into the story: OKXICE, with quotes
+4 h
Oct 5 14:22
The Defiant context
Its angle: permissioned, objection, cerebras; with quotes
+2 d 6 h
Oct 7 17:00
Bitcoinist echo
No new facts: consequential, conventional, tokenization

Has this happened before?

WhenWhat happenedFigure
36 days ago WisdomTree Deploys Tokenized Real World Asset Funds Natively On Arbitrum event 1 actors in common · 2 news media
37 days ago Coinbase Puts CT-USD Pair Into Auction Mode Before Trading Begins event 1 actors in common · 2 news media
37 days ago Wall Street Tokenization Explained: Will Blockchain Replace Today's Stock Trading Stack? event 1 actors in common · 2 news media
38 days ago Bitwise brings first spot NEAR ETF to US investors event 1 actors in common · 13 news media
39 days ago Franklin Templeton Brings Tokenized Collateral Service to Bybit event 1 actors in common · 11 news media