OKXICE LLC, the joint venture between crypto exchange OKX and Intercontinental Exchange (ICE), has notified the U.S. Securities and Exchange Commission of its intent to launch a platform for tokenized stocks traded on a 24/7 basis.
The collaboration emerged from ICE's $25 billion investment in OKX in March 2026, which included a mandate to build tokenized equity infrastructure. OKXICE was formally established in June 2026 with applications for U.S. broker-dealer and futures commission merchant status.
The filing targets an initial list of 63 NYSE-listed companies and positions OKXICE as an early mover under the SEC's five-year innovation exemption for tokenized stocks, introduced on September 17, 2026.
How the Framework Operates
Under the SEC framework, Tokenized Securities Venues can offer blockchain-based versions of U.S. stocks through automated market makers and liquidity pools. Issuers receive written notice and have a 30-day window to object before their shares can be tokenized.
Trading volume is capped at 0.25% of the prior month's average daily volume for top-tier names. Tokenized shares must preserve full shareholder rights, including dividends and voting rights, distinguishing them from offshore price-exposure products.
Andrew Cuomo, former New York Governor and co-chair of OKXICE alongside ICE executive Trabue Bland, publicly confirmed the filing.
Competitive Landscape
OKXICE enters a competitive field that includes Ondo's FINRA-authorized tokenized U.S. stocks offering and NYSE's separate tokenized-stock access discussions with Blockchain.com. Robinhood is reportedly operating near SEC volume caps under the same exemption framework, while Binance operates bStocks outside U.S. jurisdiction.
OKXICE's structural advantage lies in its direct ICE and NYSE parentage, providing access to exchange infrastructure and established regulatory relationships that other filing venues cannot claim.
The Innovation Exemption is temporary, operating only through September 2031. Issuer opt-outs could reduce the available company list, and volume caps will limit trading scale in the exemption's early stages.
