12 October 2026
ICE and OKX Launch 24/7 Tokenized Stock Trading Platform to Transform Digital Finance
In a groundbreaking move for the financial sector, the Intercontinental Exchange (ICE) and crypto exchange OKX have filed with the U.S. Securities and Exchange Commission (SEC) to establish a 24/7 trading platform for tokenized U.S. stocks. This initiative, named OKXICE, aims to provide investors with unprecedented access to over 60 U.S.-listed companies.
Tokenized stocks represent a digital equivalent of real shares, allowing for continuous trading and immediate access to dividends. With the SEC's recent approval for certain venues to trade these tokens without full exchange registration, ICE and OKX are poised to capitalize on this emerging market.
Former New York Governor Andrew Cuomo, co-chair of the joint venture, emphasized the significance of this development, stating, "This is a landmark step toward a truly global, 24/7 Wall Street, keeping the future of digital finance anchored in the United States." Cuomo highlighted the transformative potential of tokenized securities in the evolving financial landscape.
The proposed platform will operate as a Tokenized Securities Venue (TSV), with trades facilitated through Uniswap v4 liquidity pools on Ethereum's Layer 2 network, X Layer. Notably, the platform will not maintain an order book, instead relying on a custom smart-contract system to ensure transaction integrity.
Each tokenized stock will be backed by actual shares held one-for-one by a third-party entity, ensuring compliance with regulatory standards. This structure aims to provide a secure trading environment, leveraging the established reputations of both ICE and OKX.
As the demand for tokenized assets continues to rise, traditional exchanges may face increasing competition from these innovative platforms. The launch of OKXICE marks a significant milestone in the integration of digital assets into mainstream finance, promising to reshape how investors engage with the stock market.
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