OKXICE LLC Files SEC Notification for Tokenized Stock Trading Platform Under New Exemption

OKXICE LLC, a joint venture between OKX and Intercontinental Exchange Inc., has notified the U.S. Securities and Exchange Commission (SEC) of its intention to launch a tokenized stock trading platform. The platform is slated to offer tokenized shares of over 60 U.S.-listed companies, operating under the SEC’s recently introduced innovation exemption.

The filing signifies a move to utilize a specific regulatory pathway for tokenizing traditional securities. The SEC’s innovation exemption, established in September, permits limited trading of tokenized U.S. stocks on designated on-chain venues. This framework allows tokenized securities venues (TSVs) to facilitate permissioned trading of tokenized National Market System (NMS) stocks via automated market makers and liquidity pools.

Formed in June, OKXICE LLC is a 50-50 joint venture between OKX and Intercontinental Exchange, established to develop infrastructure for tokenized financial products. This venture aims to integrate digital assets with traditional financial markets.

OKXICE co-chair Andrew Cuomo stated that the platform will feature more than 60 companies listed on U.S. stock exchanges. The venture’s stated objective is to contribute to a “truly global, 24/7 Wall Street” and to anchor the future of digital finance within the United States.

The SEC’s innovation exemption provides the regulatory foundation for such initiatives, enabling controlled experimentation with tokenized securities. The provisions allow TSVs to trade tokenized NMS stocks in a permissioned setting using automated market makers and liquidity pools, a development seen as crucial for platforms like the one proposed by OKXICE LLC.

The joint venture was established in June, with the SEC issuing its temporary exemption in September, indicating a strategic alignment with the evolving regulatory landscape for tokenized securities in the U.S.

Why This Matters

The materials describe a narrow update: OKXICE LLC, a joint venture between OKX and Intercontinental Exchange, has filed a notification with the SEC to launch a tokenized stock trading platform. OKX and Intercontinental Exchange are collaborating to build infrastructure for tokenized financial products.

Broader Context

Source materials place the factual news in this context: The stock trading platform seeks to offer tokenized shares in more than 60 US-listed companies under the SEC’s recently introduced innovation exemption.