Joint venture files to launch tokenized US-stocks trading platform
SINGAPORE - OKXICE, a joint venture involving crypto exchange OKX and ‌NYSE-parent Intercontinental Exchange (ICE) filed with the US Securities and Exchange Commission on Sunday to launch a tokenized securities platform for around-the-clock trading of US stocks.
OKXICE, a collaboration between crypto exchange OKX and NYSE-owner Intercontinental Exchange (ICE), has submitted a filing with the US Securities and Exchange Commission (SEC) to establish a tokenized securities platform for global, 24/7 trading of US stocks. Over 60 listed companies will be accessible for continuous trading throughout the week, according to the filing.
This development marks a significant step towards a truly global, round-the-clock Wall Street, as stated by OKXICE co-chair Andrew Cuomo, a former New York governor, on the X social media platform. The SEC recently released an exemption enabling companies to offer trading in blockchain-based or tokenized stocks and other securities. This announcement came two days after a comprehensive cryptocurrency legislation backed by US President Donald Trump failed to advance in the Senate.
Major global exchanges such as the NYSE, Nasdaq, and the London Stock Exchange are set to launch 24/7 trading in the coming months. The rise of prediction markets in US stock trading has recently raised regulatory concerns.
Written by urgent.news from Bangkok Post Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
