OKXICE, a joint venture between New York Stock Exchange parent ICE and crypto exchange OKX, has announced the launch of its tokenized securities venue (TSV) on November 23. The platform will allow eligible U.S. customers to trade tokenized securities 24/7 following the SEC's innovation exemption guidance issued in September.
At launch, the TSV expects to list more than 70 assets, featuring securities from companies such as Better.com, BitGo, Circle, Robinhood, Securitize, and Strategy. Additionally, the venue will list 59 Direxion ETFs, and Strategy plans to list preferred securities like STRC on the platform.
Andrew Cuomo, OKXICE Co-chair, stated that the SEC guidance has opened a pathway for American markets to offer compliant, onchain venues for 24/7 trading while maintaining shareholder rights.
Platform Operations and Custody
Trading on the OKXICE platform will utilize automated market maker liquidity pools on Uniswap v4 hosted on X Layer, the exchange's Ethereum Layer-2 network. Smart contracts will restrict trading to eligible wallets only.
Securitize is supplying the tokenization infrastructure, ensuring each token is backed 1:1 by underlying shares. Onchain shareholders will retain rights to dividends, voting, and corporate actions.
Users will maintain self-custody of their tokenized securities, meaning OKXICE will not have access to customer private keys or shares. To participate, customers must activate a CeDeFi wallet prior to trading.
