OKXICE to Launch 24/7 Trading in Tokenized US Securities
The venue will initially offer more than 70 assets, including tokenized shares of Coinbase, Circle and Robinhood, under an SEC exemption.
- On Wednesday, OKXICE announced a November 23 launch for round-the-clock trading in tokenized U.S. securities, with the joint venture between crypto exchange OKX and Intercontinental Exchange initially supporting more than 70 assets.
- The SEC paved the way in September by rolling out exemptions for tokenized stock platforms; OKXICE's planned launch follows objections from 67 companies, according to a public notice dated Nov. 5.
- Trading will occur through permissioned liquidity pools on the X Layer blockchain, with access restricted to U.S. customers holding a CeDeFi Wallet and trading 59 exchange-traded funds.
- Nasdaq Chief Legal and Regulatory Officer John Zecca argued Tuesday that tokenized securities must preserve shareholder rights, while Nasdaq invests $100 million in a partnership with Kraken parent Payward to launch its own system.
- Former New York Governor Andrew Cuomo, serving as OKXICE co-chair, described the launch as an opportunity to build onchain financial markets in the United States, emphasizing "standards, safeguards and ambition that investors expect.
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OKXICE confirms Nov. 23 launch despite objections from 67 companies
OKXICE, a joint venture between crypto exchange OKX and New York Stock Exchange parent Intercontinental Exchange, has announced plans to launch its tokenized securities trading platform on Nov. 23 under a new exemption introduced by the US Securities and Exchange…
OKXICE Tokenized Stock Venue to Open Nov. 23; Circle, Coinbase, Robinhood Among 70+ Assets
OKXICE, the crypto exchange OKX’s joint venture with NYSE parent Intercontinental Exchange (ICE), said on Nov. 11 that its Tokenized Securities Venue (TSV) will open for trading at 9 a.m. ET on Nov. 23. The venture said it has confirmed more than 70 assets, but a representative said not all of the assets may trade on Nov. 23. Named issuers include Better.com, BitGo, Circle, Coinbase, Robinhood, Securitize and Strategy, which the venture said wil…
OKXICE to debut tokenized stock trading with Strategy, Coinbase, Circle this month
After initial issuer pushback, the blockchain venue is set to start trading on Nov. 23 and said will list over 70 assets, including Strategy’s common and preferred shares and 59 of Direxion's ETFs.
OKX and ICE open a Tokenized Share Market on November 23 under an exemption from the SEC. Apple, Tesla and Nvidia, among the 67 opposing firms. The OKX and ICE entries launch the Tokenized Shares 23-N with 67 companies against appear first on Merca2.
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