OKX and NYSE Proprietor ICE Plan 24/7 Tokenized Inventory Buying and selling Below SEC Exemption – Decrypt

Briefly
OKXICE, the three way partnership between OKX and NYSE proprietor Intercontinental Alternate, has filed discover to run a 24/7 tokenized inventory venue below the SEC's new Innovation Exemption.
Its discover lists tokenized variations of greater than 60 U.S.-listed shares, every buying and selling in opposition to USDC, USDG or Tether's USDT.
Chipmaker Cerebras Methods has already lodged an objection with the venue, which doesn't identify the agency issuing its tokens.
OKXICE, the three way partnership between crypto trade OKX and New York Inventory Alternate proprietor Intercontinental Alternate (ICE), has notified the SEC that it plans to launch a round the clock buying and selling venue for tokenized U.S. shares, co-chair Andrew Cuomo mentioned in a tweet Monday.The enterprise revealed a discover dated October 4 below the SEC's “Innovation Exemption,” which since September 17 has allowed qualifying venues to commerce tokenized shares with out registering as exchanges. OKXICE will function 24 hours a day, seven days per week, the discover says.
Right this moment we're asserting a significant step ahead for OKXICE, the three way partnership between @okx and Intercontinental Alternate, father or mother firm of @NYSE:
OKXICE has notified the SEC that we intend to launch our Tokenized Securities Venue (TSV) below the SEC’s new Innovation Exemption.…
— Andrew Cuomo (@andrewcuomo) October 5, 2026The SEC doesn't approve venues individually. A agency that meets the exemption's circumstances notifies the company and might then function below it, topic to these circumstances.Cuomo, a former New York governor, known as the submitting “a landmark step towards a very international, 24/7 Wall Road.”The discover lists Nvidia, Tesla, Apple, Microsoft and SpaceX, alongside crypto-linked companies Coinbase, Circle, Technique, Robinhood, BitGo and Securitize. Every tokenized inventory will commerce in a pair with one in every of three stablecoins: USDC, USDG or Tether's USDT.In June, an OKX spokesperson instructed Fortune the enterprise would deal with tokenizing NYSE-listed equities. Nvidia, Tesla, Apple and Microsoft all record on the Nasdaq.Chipmaker Cerebras Methods has already lodged a discover of issuer objection with the enterprise, the submitting says. The exemption lets third events tokenize an organization's shares with out its involvement, however a venue should notify the issuer and provides it 30 days to object. If it does, the tokens can not commerce there. Cerebras doesn't seem on the discover's record.The OKXICE venueTrades will run by means of permissioned Uniswap v4 liquidity swimming pools on XLayer, a layer-2 blockchain, with a customized good contract checking each transaction. Solely wallets holding a non-transferable soulbound token, issued after id, anti-money laundering and sanctions checks run by OKX's U.S. entity, can commerce or provide liquidity.The discover warns that tokenized costs, set solely by the swimming pools, could diverge from the underlying shares, significantly exterior common trade hours.The tokens themselves come from an unaffiliated third get together, described solely as “the Tokenizer,” which holds the underlying shares one-for-one by means of a registered broker-dealer. The discover doesn't identify it. Holders are entitled to the identical dividends and voting rights as atypical shareholders, in response to the submitting.Myriad: Will Congress cross the Readability Act? Click on to make your prediction.ICE and OKX fashioned the 50-50 enterprise in June, three months after ICE took a minority stake in OKX at a $25 billion valuation. The pair had already introduced crypto-native perpetual futures for oil to marketplace for non-U.S. prospects. Cuomo, who additionally served as New York's legal professional normal, has labored with OKX since 2023.The SEC issued the exemption on September 17, months after Chair Paul Atkins walked again a January goal following pushback from Wall Road teams, and days after the Readability Act did not advance within the Senate.Atkins mentioned the SEC was performing “inside its statutory authority,” and officers described the exemption as a short lived bridge towards everlasting rulemaking.The exemption “may put DeFi buying and selling platforms and liquidity swimming pools in far more direct competitors with conventional exchanges,” Chris Hayes, government director of the Coalition for Tokenized Markets, instructed Crypto in America on the time.The discover provides no launch date.Every day Debrief NewsletterStart daily with the highest information tales proper now, plus authentic options, a podcast, movies and extra.