OKX and NYSE owner ICE set November 23 for their tokenized stock venue in the United States

OKX and Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, will open their joint tokenized securities venue to eligible US customers on November 23, 2026, OKX said on November 11. More than 70 assets are expected to be listed on the venue, called OKXICE TSV, including shares of Better.com, BitGo, Circle, Coinbase, Robinhood, Securitize and Strategy, along with 59 exchange-traded funds from Direxion.

How the OKXICE tokenized stock venue will work

A tokenized stock is a blockchain token that represents a share. On OKXICE, trading will take place through automated market maker pools, pools of tokens that set prices by formula instead of matching buyers and sellers in an order book, built on Uniswap v4, OKX said. Only wallets cleared as eligible will be able to trade or add liquidity, a limit written into the venue's smart contracts, according to OKX. Securitize will supply the tokenization technology, OKX said.

Each token will represent a claim backed one-to-one by a US share, with shareholder rights that include dividends and voting, OKX said. Customers will hold the tokens in their own wallets, and the venue will hold neither their assets nor their private keys, according to OKX. Strategy's preferred shares are also due to be listed, OKX said.

Trading will run around the clock in the OKX app. Access is limited to eligible US-based OKX customers who have activated a wallet, passed identity verification and completed onboarding with OKXICE, according to the announcement. The pools sit on X Layer, a layer-2 network, meaning a separate chain that settles to Ethereum, which OKX operates.

The venue will operate under the Innovation Exemption that the US Securities and Exchange Commission (SEC) issued on September 17, which OKX says "provides a path for permissioned onchain trading of digital securities." "The future of finance is onchain, and we have an opportunity to build it here in America," said Andrew Cuomo, the former New York governor, one of OKXICE's two co-chairs alongside Trabue Bland.

The companies that said no

Under the exemption, a venue can list a tokenized version of a company's stock created by a third party unless the company objects in writing within 30 days of being notified, Bitcoin Magazine reported. A November 5 notice from the venue listed 67 issuers that had objected, among them Apple, Amazon, Tesla, Meta, Nvidia, Microsoft and JPMorgan, up from 50 in an October 30 notice, according to the outlet. Trading Notified has not seen the notices and could not independently confirm the figures.

OKX did not say how many of the expected assets will trade on the first day.

Why it matters

The launch would put an ICE-backed venue for tokenized stocks into operation in the United States while the New York Stock Exchange, which ICE owns, prepares a tokenized-stock venue of its own. Outside the United States, Kraken's parent added more than 200 UK and European stocks to its xStocks service on the same day. Securitize, which supplies the tokenization for OKXICE, is also among the companies whose shares are expected on the venue.

What it could mean for traders

In our assessment, the list of assets says as much as the launch date: the names OKX highlights are mostly crypto-linked companies, while many of the largest US companies have opted out, according to Bitcoin Magazine's account. Strategy's preferred stocks are among the planned listings; the company has been buying back one of them, STRC. OKX's announcement does not say how much liquidity the pools will have at the open, and prices in a thinly funded pool can differ from the price of the underlying share.