OKX, NYSE parent file to launch tokenized US stock platform
The stock trading platform seeks to offer tokenized shares in more than 60 US-listed companies under the SEC’s recently introduced innovation exemption.
OKX, a cryptocurrency exchange operator, and Intercontinental Exchange Inc., the parent company of the New York Stock Exchange, have filed with the US Securities and Exchange Commission (SEC) to launch a tokenized stock trading platform. The joint venture, OKXICE LLC, has notified the SEC that it intends to introduce a tokenized securities venue (TSV) under the SEC's new innovation exemption.
This venture aims to offer tokenized shares in over 60 US-listed companies. Andrew Cuomo, co-chair of OKXICE, emphasized that this represents a significant leap towards a globally accessible, round-the-clock Wall Street, while also reinforcing the future of digital finance within the United States.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
