OKXICE files notice for 24/7 tokenized US stock venue
OKXICE has filed notice of plans for a permissioned, 24/7 tokenized-stock venue on X Layer, with more than 60 U.S. names and stablecoin pairs.
The Top Crypto Editors 2 min read
Could you trade tokenized U.S. stocks around the clock through an OKX and ICE venture? OKXICE has notified the Securities and Exchange Commission that it plans to launch a permissioned venue for more than 60 U.S.-listed companies, using X Layer and stablecoin trading pairs. Its Oct. 4 public notice describes the proposed setup; the filing is a step toward a venue, not confirmation that trading has begun.
According to The Block’s report on OKXICE’s SEC notice, the planned list includes Nvidia, Apple, Microsoft, Amazon, Coinbase, Robinhood, Circle and SpaceX. The notice says OKXICE LLC is equally owned by Intercontinental Exchange and OKC USA Holding, and that the venue is not registered with the SEC. The commission has not endorsed the notice’s accuracy or the merits of the securities.
How would trading work on X Layer?
OKXICE says the venue would use permissioned automated market-maker pools built with Uniswap v4 contracts on X Layer, rather than an order book. Approved wallets would need identity and compliance checks, a self-custodial wallet and a non-transferable soulbound token issued by OKXICE; trades would pair tokenized stocks with USDC, USDG or USDT.
The notice says tokens issued by third-party tokenizers would represent entitlements to underlying shares held one-for-one through a registered broker-dealer. It also says token holders are to receive equivalent share rights, including dividends and voting rights. Those rights depend on the tokenization and custody arrangements described in the notice, rather than on the trading pool alone.
Does the SEC notice mean the venue is approved?
No: the notice invokes a temporary conditional exemption for certain distributed-ledger trading venues, but OKXICE says it is not registered as an exchange or alternative trading system. Reuters reported that the SEC introduced the exemption in September; its availability does not itself confirm that OKXICE has launched or met every condition. The notice also says issuers have 30 days to object to inclusion.
Watch for the end of that 30-day objection window and for any further SEC or OKXICE updates on when trading could begin.
References
- Oct. 4 public notice — okx.com
- The Block’s report on OKXICE’s SEC notice — theblock.co