OKX and Intercontinental Exchange (ICE) announced that their joint venture, OKXICE, will start round‑the‑clock trading of tokenized securities on November 23. The platform, built on a blockchain framework, has secured listings for over 70 tokenized assets.
Confirmed Listings
The roster includes Strategy’s common and preferred shares, Coinbase (COIN), Circle (CRCL), Robinhood, BitGo, Securitize, Better.com, and 59 Direxion exchange‑traded funds. While not all assets will be available at launch, the total exceeds 70 securities.
Regulatory Framework
OKXICE operates under the U.S. Securities and Exchange Commission’s five‑year Innovation Exemption, a sandbox for testing blockchain‑based securities trading. The venue will provide continuous 24/7 trading with settlement in stablecoins.
Self‑Custody Model
Eligible U.S. OKX customers will hold tokenized shares in their own wallets while retaining traditional shareholder rights such as dividends, voting and participation in corporate actions. This self‑custody approach differs from conventional brokerage accounts.
Industry Context
The launch follows widespread opt‑outs from many targeted companies; of the 62 firms initially proposed, 56 declined participation. The remaining listings are largely crypto‑linked firms, highlighting a divide between crypto‑native companies and the broader corporate sector on tokenization.
Outlook
OKXICE will be the second platform to operate under the SEC’s experimental framework. Initial access is limited to eligible U.S. OKX users, and market participants will monitor trading volume, liquidity and potential regulatory developments as the venue begins operations.
