OKX and ICE plan round-the-clock tokenised US stock trading
An OKX and ICE joint venture has notified the SEC of plans to trade 63 US stock symbols against stablecoins, with dividend and voting rights attached to the tokens.
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OKX and Intercontinental Exchange, the owner of the New York Stock Exchange, plan a blockchain venue for tokenised US stocks. Their joint venture’s notice to the SEC, dated 4 October 2026, identifies 63 stock symbols for an initial offering, paired with the stablecoins USDC, USDG and USDT.
A tokenised stock is a digital token representing rights to an underlying share. The list spans the NYSE and Nasdaq, including Apple, Microsoft, Nvidia and Tesla.
Each token would carry rights to a share
Each stock token would represent one underlying share held through an SEC-registered, FINRA-member broker-custodian, according to the venture’s notice. Holders would receive the same dividend, voting and liquidation rights associated with the underlying shares.
The structure connects a blockchain balance to an entitlement over securities held in custody.
Verified wallets would enter a trading pool
The venture proposes a permissioned automated market maker on X Layer, using Uniswap v4 technology. An automated market maker lets traders exchange assets through a pool governed by software. Wallet access would depend on identity, anti-money-laundering and sanctions checks.
The notice describes round-the-clock trading, with controls linking trading halts to the underlying securities. The venture is owned equally by Intercontinental Exchange Holdings and OKC USA.
The SEC created a five-year route for these venues
The SEC issued a conditional innovation exemption on 17 September 2026. It provides five years of temporary relief from the exchange definition for eligible tokenised-securities venues, and from the dealer definition for their liquidity providers. The framework covers permissioned automated market makers.
The order’s conditions include investor protections and an issuer-notification process. A venue offering tokens over another company’s shares must give that company written notice, with a 30-day opportunity to object. The OKX and ICE filing uses this new regulatory route.
ICE and OKX agreed the broader partnership in March
ICE announced its investment in OKX on 5 March 2026, valuing the exchange at $25 billion and obtaining a board seat. That agreement included plans for access to ICE futures and NYSE tokenised equities, subject to regulatory approval.
The October notice gives the tokenised-stock venture a defined product structure and initial symbol list. Investors can now inspect the proposed custody arrangements, access checks and shareholder rights in its public filing.
