- OKXICE filed notice with the SEC to operate a 24/7 tokenized securities venue under the Innovation Exemption issued September 17, which lets qualifying venues trade tokenized U.S. stocks without registering as exchanges.
- The notice lists tokenized versions of more than 60 U.S.-listed companies, including Nvidia, Apple, Microsoft, Amazon, Tesla, SpaceX, JPMorgan Chase, Walmart, Netflix, Coca-Cola, Goldman Sachs, Boeing, Cisco, IBM, Coinbase, Robinhood, Palantir, AMD, Circle and Reddit.
- Each tokenized stock trades in a pair with USDC, USDG or Tether's USDT, with trades routed through permissioned Uniswap v4 liquidity pools on the XLayer layer-2 blockchain and restricted to wallets holding a soulbound token after identity, AML and sanctions checks by OKX's U.S. entity.
- Chipmaker Cerebras Systems lodged a notice of issuer objection with the venue; the exemption gives issuers 30 days to opt out, and Cerebras does not appear on the notice's list.
- The notice does not name the third-party Tokenizer that holds the underlying shares one-for-one through a registered broker-dealer, and warns tokenized prices set solely by the pools can diverge from the underlying shares outside regular exchange hours.
- ICE and OKX formed the 50-50 venture in June, three months after ICE took a minority stake in OKX at a $25 billion valuation; the notice gives no launch date.
Quotes
“This is a landmark step toward a truly global, 24/7 Wall Street — and toward keeping the future of digital finance anchored here in the United States”
“The digital asset revolution is already transforming our financial system. Tokenized securities are part of what comes next. And we’re just getting started”
“The future of markets is real ownership, onchain. Full shareholder rights are what make that possible”
“a landmark step toward a truly global, 24/7 Wall Street”