OKX‑ICE launches tokenized stock venue with 70+ assets
- OKX‑ICE launches on Nov 23, 2026 under a SEC innovation exemption.
- The venue lists over 70 assets, including 59 Direxion ETFs.
- Securitize provides one‑for‑one backed tokens with voting rights.
- All members of the Magnificent Seven have objected to tokenization.
- Trading runs 24/7 via Uniswap v4 pools on OKX’s X Layer.
OKX and Intercontinental Exchange will launch a joint venture on November 23, 2026, to provide a tokenized securities venue for eligible United States customers. The venue is owned equally by the Intercontinental Exchange and OKC USA Holding Inc., which is an affiliate of OKX.
Trading will be available 24/7 through the OKX app using automated market maker pools on the X Layer network, which is the Ethereum layer-2 network of OKX.
More than 70 securities and ETFs debut at launch
Strategy, also known as MSTR, will provide both its common stock and preferred stocks such as STRC.
Securitize is providing the tokenization infrastructure for the venue.
Holders of these tokens retain shareholder rights, including voting rights and the receipt of dividends.
SEC innovation exemption and growing company objections
The venue operates under an SEC innovation exemption that began in September following the failure of the Clarity Act. OKXICE submitted its formal notice of intent to the SEC on October 4. This regulatory framework allows companies to opt out of having their shares tokenized by filing an objection within 30 days.
The number of companies objecting to the listings rose from 50 in an October 30 notice to 67 by November 5. Every member of the Magnificent Seven tech group had lodged an objection by that date.
An updated notice from OKXICE dated November 9 added companies including SpaceX, Lam Research, and SoFi Technologies to the list of objecting issuers. The platform does not operate an order book or perform primary offerings. It also does not extend credit and pairs tokens against stablecoins like USDC and USDG.
Andrew Cuomo and industry leaders champion the venture
Former New York Governor Andrew Cuomo and Trabue Bland serve as co-chairs of the OKXICE joint venture.
Cuomo stated, "The future of finance is onchain, and we have an opportunity to build it here in America, with the standards, safeguards and ambition that investors expect".
Strategy president and CEO Phong Le described the tokenization of the company's preferred stocks as "a natural next step". He said this process makes "Digital Credit" accessible to investors worldwide at all hours, while referring to bitcoin as "Digital Capital".
24/7 trading runs on Uniswap v4 pools on X Layer
Trading on the OKX app will occur around the clock using automated market maker pools.
U.S. customers must complete onboarding and activate a CeDeFi wallet
Users must also activate a CeDeFi wallet to participate in the exchange. These services will become available on November 23, 2026.
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